Legal Opinion
Crider v. First National Bank
Court of Appeals of Georgia
Decided January 18, 1978No. 54310, 54311PublishedCited by 4 opinions
1Opinion of the Court
McMurray, Judge.
In December, 1973, a loan commitment was made by Mortgage Associates, Inc. for the making and funding of a loan in the amount of $1,200,000 to Clairmont Development of Georgia Co. for the construction of and development of a shopping center known as Town & Country Shopping Center located in Loganville, Walton County, Georgia. The loan was evidenced by a note in the amount of $1,200,000. However, the loan agreement executed by the parties states that in no event would the lender be obligated to disburse more than $110,000 unless and until it received a commitment from another…
2Cases cited4 opinions
- Freezamatic Corp. v. Brigadier Industries Corp.Court of Appeals of Georgia · 1972
- Colodny v. Dominion Mortgage & Realty TrustCourt of Appeals of Georgia · 1977
- Mercantile National Bank v. BergerCourt of Appeals of Georgia · 1973
- Keiley v. CleageSupreme Court of Georgia · 1920
3Cited by4 opinions
- Federal Deposit Insurance Corporation, as Liquidator for the Hamilton National Bank of Chattanooga v. Lattimore Land CorporationCourt of Appeals for the Fifth Circuit · 1981
- Hornsby v. First National BankCourt of Appeals of Georgia · 1980
- Cameron v. Churchill Mortgage Corp.Supreme Court of Georgia · 1982
- Federal Deposit Insurance Corporation, as Liquidator for the Hamilton National Bank of Chattanooga v. Lattimore Land CorporationCourt of Appeals for the Fifth Circuit · 1981