(DOWNLOAD) "Cecil E. Kneip v. Unitedbank-Victoria" by Thirteenth District, Corpus Christi Court of Appeals of Texas ~ eBook PDF Kindle ePub Free
eBook details
- Title: Cecil E. Kneip v. Unitedbank-Victoria
- Author : Thirteenth District, Corpus Christi Court of Appeals of Texas
- Release Date : January 30, 1987
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 69 KB
Description
Appellants, Cecil and Sylvia Kneip and their son, Gary, sued Unitedbank-Victoria for fraudulently inducing them to enter into a loan agreement with the bank. The bank counterclaimed for recovery on the promissory note issued by the Kneips in exchange for the loan from the bank, and for foreclosure on the deed of trust securing the loan. The Kneips received favorable jury findings on all special issues. However, the trial court disregarded the jurys findings concerning the banks counterclaim and entered judgment that the Kneips recovery for fraud be offset by the amount of the banks loan to them. The result was a judgment that the Kneips pay $47,546.55 to the bank, and that the deed of trust in favor of the bank would remain in effect. Both parties appeal.