PEACHTREE MTG. v. NORTHSIDE REALTY

52596, 52597.

140 Ga. App. 541 (1976)

231 S.E.2d 350

PEACHTREE MORTGAGE CORPORATION v. NORTHSIDE REALTY ASSOCIATES, INC.; and vice versa.

Court of Appeals of Georgia.

Decided October 4, 1976.

Rehearing Denied November 24, 1976.


Attorney(s) appearing for the Case

Dodd, Driver, McClatchey & Connell, H. Boyce Connell, Jr., Ellwood F. Oakley, III, for appellant.

Gambrell, Russell, Killorin & Forbes, Harold L. Russell, Douglas N. Campbell, for appellee.


McMURRAY, Judge.

This is a suit for damages based upon an alleged breach of contract. The contract consists of an offer by the mortgage corporation in the form of a commitment letter to make two million dollars in FHA and VA loans at a discount of five percent to be made at the maximum interest rate permissible by FHA or VA at the time of settlement. The offer also stated that in the event two million dollars of FHA and...

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