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PRUDENTIAL TIMBER &c. CO. v. COLLINS

54661.

144 Ga. App. 849 (1978)

243 S.E.2d 80

PRUDENTIAL TIMBER & FARM COMPANY et al. v. COLLINS.

Court of Appeals of Georgia.

Decided January 30, 1978.

Rehearing Denied February 20, 1978.

Attorney(s) appearing for the Case

Worozbyt & Nodvin, Marvin P. Nodvin, for appellants.

Glenville Haldi, for appellee.

QUILLIAN, Presiding Judge.

Defendant Lee was the principal owner and an officer of Prudential Timber & Farm Company and H. R. Lee Investment Corporation, who were also named as defendants. Defendants owned a tract of land in Lumpkin County consisting of approximately 1,340 acres. Plaintiff Collins contacted defendant Lee regarding the purchase of land and obtained an option to purchase this property for $680 per acre. Lee wanted to obtain a loan from the Federal...

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