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ALLIANCE BUSINESS INVESTMENT CO. v. G-R DEVELOPMENT CO.

No. 41672.

447 P.2d 741 (1968)

ALLIANCE BUSINESS INVESTMENT COMPANY, an Oklahoma Corporation, Plaintiff in Error, v. G-R DEVELOPMENT COMPANY, an Oklahoma Corporation, Defendant in Error.

Supreme Court of Oklahoma.

December 3, 1968.

Attorney(s) appearing for the Case

Rosenstein, Mesirow, Livingston, Fist & Ringold, Tulsa, for plaintiff in error.

Ralph Brainard, Claremore, Conner, Winters, Randolph & Ballaine, Tulsa, for defendant in error.

Charles M. Noone, Washington, D.C., Waldo F. Bales, Tulsa, amici curiae.

BLACKBIRD, Justice.

The plaintiff in error, hereinafter referred to as "defendant" is licensed to do business as a "Small Business Investment Corporation" under the provisions of the Small Business Investment Act of 1958 (72 Stat. 691, Tit. 15 U.S.C.A. § 681 et seq.), hereinafter referred to merely as the "Act".

On September 18, 1961, defendant in error, hereinafter referred to as "plaintiff", negotiated a loan...

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