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(Download) "Rainey-Mapes v. Queen Charters" by Fourth District, San Antonio Court of Appeals of Texas # Book PDF Kindle ePub Free

Rainey-Mapes v. Queen Charters

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eBook details

  • Title: Rainey-Mapes v. Queen Charters
  • Author : Fourth District, San Antonio Court of Appeals of Texas
  • Release Date : January 25, 1987
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 66 KB

Description

This case involves appeals and cross-appeals arising from the non-payment of an insurance claim. William Gordon, president of Queen Charters, Inc., individually and as co-principal with Queen Charters, Inc. contracted to purchase a sailboat from the Estate of Theodore Schmidt (Schmidt) intervenor/appellant/cross-appellee. The boat, valued at $150,000.00, was purchased for $100,000.00. Gordon and Queen Charters (Gordon/Queen Charters) plaintiffs/appellants/ cross-appellees, paid $5,000.00 down payment on the boat, and executed a promissory note to Schmidt for the balance of $95,000.00. The sales agreement required the buyers to maintain insurance on the vessel, which protected Schmidt as the loss payee.


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