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  5. 697 F.Supp. 794 (1988)
 

CHRYSLER CAPITAL CORP. v. SOUTHEAST HOTEL PROP.

No. 87 Civ. 5069 (JMW).

697 F.Supp. 794 (1988)

CHRYSLER CAPITAL CORPORATION, Plaintiff, v. SOUTHEAST HOTEL PROPERTIES LIMITED PARTNERSHIP, Samuel H. McMahon, Jr. and SHP Capital, Inc., Defendants.

United States District Court, S.D. New York.

November 1, 1988.

Attorney(s) appearing for the Case

David M. Olasov, James S. Goddard, Edwards & Angell, New York City, for plaintiff.

Vincent Alfieri, Judith L. Poller, Robinson, Silverman, Pearce, Aronsohn & Berman, New York City, for defendants.

OPINION AND ORDER

WALKER, District Judge:

This case turns upon whether an enforceable contract existed between plaintiff, as lender, and defendants, as borrower, for $19,750,000 in investor note financing upon the issuance by plaintiff of a commitment letter. If so, when defendants discontinued doing business with plaintiff, they breached the contract and plaintiff may recover appropriate damages. If not, the plaintiff takes nothing.

This opinion...

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