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GROWTH PROPERTIES OF FLA. v. WALLACE

66434, 66435.

168 Ga. App. 893 (1983)

310 S.E.2d 715

GROWTH PROPERTIES OF FLORIDA, LTD., IV v. WALLACE; and vice versa.

Court of Appeals of Georgia.

Rehearing Denied November 18, 1983.

Attorney(s) appearing for the Case

Dock H. Davis, for appellant.

John W. Greenfield, for appellee.

SHULMAN, Chief Judge.

Appellant/cross-appellee William Wallace purchased the Belvedere Apartments in December of 1973. After making substantial improvements, he sought to resell the apartments for a profit. Wallace entered into an agreement with appellee/ cross-appellant Growth Properties of Florida, Ltd., IV, whereby Growth Properties agreed to purchase an 85% interest in Belvedere, Ltd., the entity which was formed...

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