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CRAIG MTG. CO. v. LANIER HOSPITAL, LTD.

54819.

144 Ga. App. 147 (1977)

240 S.E.2d 324

CRAIG MORTGAGE COMPANY v. LANIER HOSPITAL, LTD. et al.

Court of Appeals of Georgia.

Decided November 29, 1977.

Attorney(s) appearing for the Case

Arthur P. Tranakos, Barry L. Zipperman, for appellant.

Gambrell, Russell, Killorin & Forbes, Jonathan H. Waller, Telford, Stewart & Stephens, Charles W. Stephens, Woodrow Stewart, for appellees.

DEEN, Presiding Judge.

Lanier Hospital, Ltd. (Lanier), entered into a mortgage placement agreement with Craig, Gummels & Associates, part of Craig Mortgage Co., Inc. (Craig), to procure financing for Lanier from the Equitable Life Assurance Society of the United States (Equitable). The contract provided: "Upon receipt of an application from our Lender, it is agreed that a 2% cash good faith deposit or other deposit acceptable with the Lender, will be deposited...

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