Opinion

Cole v. Farmers Exchange Bank

  • 783 So. 2d 16
  • 1999 Ala. Civ. App. LEXIS 761
  • 1999 WL 820799
Court
Court of Civil Appeals of Alabama
Filed
Oct 15, 1999
Status
Published
Author
Crawley
On the bench
Robertson, Yates, Monroe, Crawley, Thompson
Cited by
2 cases
Authority
More cited than 0.8%

The opinion

CRAWLEY, Judge,

dissenting.

I concurred in the majority opinion released on October 15, 1999. However, in light of the Bank’s application for rehearing, I have reconsidered that vote. I now dissent.

On application for rehearing, the Bank has cited Lee v. United Federal Savings & Loan Ass’n, 466 So.2d 131 (Ala.1985), a case in which our supreme court stated:

“[T]he mere lending of money on a house by a financial institution, albeit one with knowledge of deficiencies in the house, does not create a confidential relationship, or other circumstances imposing a duty to disclose information at the lender’s disposal.”

466 So.2d at 134 . Although I can see some distinctions between the present case and Lee , I can also see some distinctions between the present case and Soniat v. Johnson-Rast & Hays, 626 So.2d 1256 (Ala.1993), on which the court relies. However, because Lee specifically involves a lending institution, it is better authority for affirming the judgment than Soniat is for reversing the judgment. Therefore, I dissent.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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