# Gainesville Oil & Gas Co. v. Farm Credit Bank of Texas

> Court of Appeals of Texas · February 9, 1993 · 847 S.W.2d 655

URL: https://www.frixlaw.com/law-library/cases/9764212

## Case

- **Full name:** GAINESVILLE OIL & GAS CO., INC., Et Al., Appellants, v. FARM CREDIT BANK OF TEXAS, Et Al., Appellees
- **Court:** Court of Appeals of Texas
- **Decided:** February 9, 1993
- **Citations:** 847 S.W.2d 655; 1993 WL 29093
- **Precedential status:** Published
- **Opinion:** Concurrence by Bleil
- **Judges:** Cornelius, Bleil, Chadick, Grant
- **Cited by:** 19 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/9764212

## How later opinions describe it (automated extraction)

- holding that evidence of bank’s misrepresentations prevented property owner from appearing at foreclosure sale
- holding fact issue did not exist regarding inadequate sale price where there was no evidence of land's market value at time of foreclosure sale
- reversing foreclosure after holding that mortgage-holder’s representations chilled bidding at foreclosure sale

## Opinion text

*665 BLEIL, Justice,
concurring.
I agree that the summary judgment should be reversed and the case remanded for trial.
I agree with Chief Justice Cornelius that the summary judgment evidence tending to show that the property’s value is far greater than $28,000.00 at least raises an inference that the property’s fair cash market value was grossly in excess of $28,000.00. This raises the fact question of whether the property was sold for a grossly inadequate price at the foreclosure sale. To my knowledge, no “venerable principle of the law of evidence” alters this conclusion. At the time of trial questions of what evidence is or is not admissible may be presented to the trial court.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/9764212. Public record. Not legal advice.