Farmers Bank & Trust Co. of Georgetown v. Willmott Hardwoods, Inc.

SCOTT, Dissenting Justice.

The commitment letter dated July 11, 1996 contains the following language regarding the closing date of the loan: “Closing of the loan shall occur on or before August 10, 1996 unless extended in writing by the Bank.”

Subsequently, on August 2, 1996, David Smith, the Bank’s vice-president, sent a signed cover letter with an accompanying written Loan Agreement to the Appellees which contained the following language: “the closing of the loan shall occur.. .on August 10, 1996 at 9:00 a.m. local time or at such other time and such other date as the parties shall mutually…