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AMERICAN CENTURY v. BANKAMERICA REALTY

36021.

246 Ga. 39 (1980)

268 S.E.2d 609

AMERICAN CENTURY MORTGAGE INVESTORS et al. v. BANKAMERICA REALTY INVESTORS et al.

Supreme Court of Georgia.

Decided May 20, 1980.

Rehearing Denied June 17, 1980.

Attorney(s) appearing for the Case

Rogers & Hardin, C. B. Rogers, John J. Almond, for appellants.

Scoggins, Ivy, Goodman, Weiss & Bost, Charles H. Ivy, William L. Bost, Jr., Kenneth M. Weiss, for appellees.

MARSHALL, Justice.

This is a suit for declaratory judgment and injunctive relief brought by Bankamerica Realty Investors (BARI) against American Century Mortgage Investors (ACMI).

BARI, a California real estate investment trust (reit), and ACMI, a Massachusetts business trust, entered into an agreement to lend money to the developers of a real estate project, referred to as the Fairington project. BARI furnished 75% of the funds used to make the loan, and...

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