Glenn Arms Associates v. Century Mortgage & Investment Corp.

PIERCE, Judge.

Defendants, Century Mortgage and Investment Corporation and William F. Stromer (Century), appeal an amended judgment entered for plaintiffs, Glenarm Associates, Tom Hansen, and Ed Willems (Glenarm), upon Glenarm’s claims for breach of contract and for conversion. We affirm in part, reverse in part, and remand with directions.

The parties executed a contract on January 16, 1979, which authorized Century to obtain a loan for Glenarm on certain terms and conditions, and provided that Century perform certain services within 30 business days. The 30 days expired on March 2, 1979,…