Bradley v. Tattnall Bank
Court of Appeals of Georgia
1Opinion of the Court
Quillian, Presiding Judge.
Levy J. Spivey agreed to purchase a 95% interest in the San-Reid Apartments from Theron L. Rogers. He also agreed to assume the outstanding mortgage on the apartments to the Farmers Home Administration (FHA). Following the signing of their sales agreement on December 31, 1979, they entered into a partnership to manage and operate the apartments. They also entered into an employment contract with Jesse Bradley to perform “other acts in connection with the partnership agreement.” Spivey borrowed $135,000 from the Tattnall Bank to finance the purchase and that sum was…
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