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Centex v. Dalton
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| Centex v. Dalton | |
| Court | Texas Supreme Court |
|---|---|
| Citation | 840 S.W.2d 952 |
| Date decided | December 16, 1992 |
Facts
Centex Corporation ("Centex") is a company specializing in construction & finance of homes.
In 1988, the U.S. government directed all savings and loan associations (S&L), or thrift institutions to join larger banks.
In November 1988, Centex contacted Mr. Dalton to see his assistance. Namely, Centex wanted to acquire some thrift institutions to expand its business.
Dalton notified Centex about 4 potential small banks for acquisition by Centex. In December 1988, Centex agreed to pay Dalton $750,000 over the course of a 3-year period.Issues
What if it becomes impossible to remit payment for something that we've received?
Case Text Links
