Woodhull Corp. v. Saibaba Corp.
Court of Appeals of Georgia
1Opinion of the Court
Eldridge, Judge.
Bharat Gandhi and Lila Gandhi and their corporation, Saibaba Corporation (collectively “Gandhi”) negotiated with Merritt W. Dixon III, the Dixon Children’s Trust, and Woodhull Corporation (collectively “Dixon”) for the purchase of a motel at 1-95 and Highway 341 in Glynn County, Georgia. Gandhi first contacted Dixon regarding the purchase in February 1995. Early in the negotiation, Gandhi learned that he could not obtain financing to purchase the motel. Consequently as part of the purchase agreement, Gandhi had Dixon refinance the loan on the motel so that Gandhi could assume…
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