REID v. SAUL

55861.

146 Ga. App. 264 (1978)

246 S.E.2d 121

REID et al. v. SAUL et al.

Court of Appeals of Georgia.

Decided May 31, 1978.

Rehearing Denied June 16, 1978.


Attorney(s) appearing for the Case

Gore, Shaw & Lee, Luke Frank Gore, for appellants.

Sutherland, Asbill & Brennan, Alfred G. Adams, Jr., James R. Paulk, Jr., Shaw, Pittman, Potts & Trowbridge, Mark Augenblick, Leslie A. Nicholson, Jr., Richard E. Galen, John M. McCarter, for appellees.


WEBB, Judge.

In this action the plaintiff subcontractors, who were not properly paid for labor and materials they had furnished to the borrower-developer for the construction of a building, seek to recover from the construction lender on the theory that it should have administered the construction loan for their benefit and insured that they were properly paid by the borrower-developer. The loan by the lender to the borrower-developer was evidenced by a promissory...

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