W. B. Leedy & Co. v. Shirley

Quillian, Judge.

1. Neither count 1 nor count 2 states a cause of action. The basis of these actions, whether for breach of contract or for money had and received, even assuming the latter would lie when recovery for a breach of the written contract would fully compensate the plaintiff, is a commitment to purchase group loans. This contract is as follows:

“V. B. Leedy & Company, Inc.

Birmingham, Alabama Commitment to Purchase Group Loans.

February 24, 1956.

Cheek & Troutman, Builders.

160 Westminster Drive.

Atlanta, Georgia.

FHS No.

VA No. CA-89090.

"You are advised that we have approved for purchase…