Citizens & Southern Bank v. Bailey

Birdsong, Judge.

Appellant, the Citizens & Southern Bank of Clayton County (C & S), brings this appeal from a jury verdict and monetary judgment rendered against it in favor of Bailey in the amount of $29,400.

The facts show that Bailey obtained an option to purchase a tract of real estate for $45,000. He also obtained a contract to sell the same real estate to another for the price of $90,000. Armed with the option and the contract of resale, Bailey approached C & S for the loan of *551$45,000 to enable him to exercise the option and purchase the property. After some negotiation, the…