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COASTLAND CORP. v. THIRD NAT. MTG. CO.

Nos. 78-1418, 78-1420.

611 F.2d 969 (1979)

COASTLAND CORPORATION, Appellee, v. THIRD NATIONAL MORTGAGE COMPANY, as successor to defendant John W. Murphree Company, Appellant, and Kenneth R. Larish and Grover C. Cauthen, Defendants. COASTLAND CORPORATION, Appellant, v. THIRD NATIONAL MORTGAGE COMPANY, as successor to defendant, John W. Murphree Company, Appellee.

United States Court of Appeals, Fourth Circuit.

Decided December 26, 1979.

Attorney(s) appearing for the Case

Thomas P. Kanaday, Jr., Nashville, Tenn. (Robert D. Tuke, Farris, Warfield & Kanaday, Nashville, Tenn., Braden Vandeventer, Robert L. O'Donnell, Vandeventer, Black, Meredith & Martin, Norfolk, Va., on brief), for Third National Mortgage Co.

Philip G. Denman, Norfolk, Va. (James C. Howell, Willcox, Savage, Lawrence, Dickson & Spindle, Norfolk, Va., on brief), for Coastland Corp.

Before RUSSELL and WIDENER, Circuit Judges, and DUMBAULD, Senior District Judge.

WIDENER, Circuit Judge:

Third National Mortgage Company (Mortgage Company or appellant), defendant in the action below, appeals from the decision of the district court holding that it breached an oral commitment to provide construction financing to Coastland Corporation for the construction of a condominium project. The district court awarded Coastland $620,650.00 in damages for the breach. The Mortgage Company contends that the district court erred both in finding...

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