Moultrie Insurance Agency, Inc. v. Goodbar

Cooper, Judge.

In August 1987, appellees, six individuals, formed a partnership and entered into a joint venture agreement for the purpose of purchasing and developing a parcel of real property located in Colquitt County, Georgia. The joint venture executed a construction loan agreement borrowing the sum of $1,150,000 to be used for the construction of a Traveler’s Choice Inn on the property. Subsequently, appellees subcontracted with David Goodbar Interests, Inc. (“Good-bar Interests”) for the construction of the motel. Goodbar Interests is a corporation owned by J. David Goodbar and S.…