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KOHLMEYER & CO. v. BOWEN

46934.

126 Ga. App. 700 (1972)

192 S.E.2d 400

KOHLMEYER & COMPANY v. BOWEN.

Court of Appeals of Georgia.

Decided June 21, 1972.

Rehearing Denied July 19, 1972.

Attorney(s) appearing for the Case

Arnall, Golden & Gregory, Alexander Cocalis, Allen I. Hirsch, Michael C. Tower, for appellant.

Swertfeger, Scott, Pike & Simmons, M. H. Blackshear, Jr., Davis & Stringer, Thomas O. Davis, for appellee.

King & Spalding, Henry Hall Ware, III, Jack H. Watson, Jr., Walter Driver, Jr., amicus curiae.

EBERHARDT, Presiding Judge.

Kohlmeyer & Company, a dealer in securities, brought suit against James Bowen, alleging that on March 20, 1970, Bowen telephoned Kohlmeyer and inquired about the purchase of tax-exempt bonds for his account, as a result of which Bowen orally agreed to purchase $80,000 face amount of Atlanta Airport revenue bonds due January 1993, and bearing interest at 7 1/4% per annum, on a basis to yield 7.15% when, as, and if the bonds were issued...

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