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JAMESTOWNE ON SIGNAL v. FIRST FED. S & L

807 S.W.2d 559 (1990)

JAMESTOWNE ON SIGNAL, INC., Fred M. Edgemon, Jr., and James R. Hedges, III, Plaintiffs-Appellees, v. FIRST FEDERAL SAVINGS & LOAN ASSOCIATION, Defendant-Appellant.

Court of Appeals of Tennessee, Eastern Section.

Permission to Appeal Denied March 11, 1991.

Attorney(s) appearing for the Case

Joe A. Conner with Heiskell, Donelson, Bearman, Adams, Williams & Kirsch, and Raymond R. Murphy, Jr. with Miller & Martin, Chattanooga, for defendant-appellant.

Michael E. Richardson with Patrick, Beard & Richardson, Chattanooga, for plaintiffs-appellees.

Permission to Appeal Denied by Supreme Court March 11, 1991.

OPINION

SANDERS, Presiding Judge, Eastern Section.

The pivotal issue on this appeal is whether or not the Defendant-Appellant, First Federal Savings & Loan Association, breached an alleged oral contract to finance the total cost of construction of a condominium complex on Signal Mountain.

In September, 1985, the Plaintiffs-Appellees, Jamestowne on Signal, Inc. (Jamestowne),...

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