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LINK ASSOCIATES v. JEFFERSON STANDARD LIFE

Record No. 791572.

291 S.E.2d 212 (1982)

LINK ASSOCIATES, et al. v. JEFFERSON STANDARD LIFE INSURANCE COMPANY.

Supreme Court of Virginia.

April 30, 1982.

Attorney(s) appearing for the Case

Terrence Ney, Fairfax (Haynie S. Trotter, Stephen M. Colangelo, Boothe, Prichard & Dudley, Fairfax, on briefs), for appellants.

Randolph W. Church, Jr., Fairfax (Robert H. J. Loftus, Ann W. Mische, McCandlish, Lillard, Church & Best, P. C., Fairfax, on brief), for appellee.

Before CARRICO, C. J., and COCHRAN, POFF, COMPTON, THOMPSON, STEPHENSON and RUSSELL, JJ.

COMPTON, Justice.

The focus of this appeal is shopping-center development and financing. The controversy involves a lender's commitment for a permanent loan in an amount less than requested by a borrower. Specifically, we consider whether alleged misrepresentations by the lender were waived or ratified by the borrower.

In November of 1977, appellants Link Associates, a Virginia limited partnership (and its general partners Link Properties, Inc. and Redstone...

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