First Nat. Bank v. NATIONAL BANK OF GA.

The First National Bank of DeKalb County (First DeKalb) filed suit against The National Bank of Georgia (NBG), Centennial Equities Corporation and two individuals (CEC) seeking specific performance of a sale contract together with declaratory and injunctive relief. The trial court granted summary judgment to NBG, holding that a condition to performance had not occurred. We reverse. This is the second appearance of this case before this court. First Nat. Bank v. Centennial Equities Corp., 245 Ga. 121 (263 SE2d 155) (1980).

Qn April 21, 1978 NBG entered into a contract with First DeKalb wherein…