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HATFIELD v. TEACHERS INS. &c. ASSN.

55650.

146 Ga. App. 642 (1978)

247 S.E.2d 161

HATFIELD et al. v. TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA.

Court of Appeals of Georgia.

Decided June 23, 1978.

Rehearing Denied July 13, 1978.

Attorney(s) appearing for the Case

Troutman, Sanders, Lockerman & Ashmore, William G. Vance, Andrew J. Hinton, Frederick E. Link, for appellants.

Heyman & Sizemore, Patrick L. Swindall, William B. Brown, William H. Major, for appellee.

McMURRAY, Judge.

Prior to October 1, 1974, Lake Ridge, Ltd., a partnership, made application for a loan with Teachers Insurance & Annuity Association of America, a New York corporation, for a loan to be secured by a first lien on real property known as Lake Ridge Office Park, Gwinnett County, Georgia. A loan commitment was given whereby Teachers committed to loan the sum of $1,275,000 contingent upon certain terms and conditions. The agreement was accepted on...

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