Jpmorgan Chase Bank, N.a. v. Orca Assets G.p., L.L.C.

Summary

The Texas Supreme Court held that Orca could not justifiably rely on the lessor's oral representations that the mineral tracts were open, because the parties’ negotiated negation‑of‑warranty clause and numerous red‑flag circumstances directly contradicted those statements. Accordingly, the Court reversed the Court of Appeals and reinstated the trial court’s judgment for JPMorgan.