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DISASTER SERVICES v. ERC PARTNERSHIP

No. A97A2183.

492 S.E.2d 526 (1997)

228 Ga. App. 739

DISASTER SERVICES, INC. v. ERC PARTNERSHIP et al.

Court of Appeals of Georgia.

Reconsideration Denied October 7, 1997.

Attorney(s) appearing for the Case

Huprich & Associates, Don C. Huprich, Philip S. Andrews, Tucker, for appellant.

Alston & Bird, Robert D. McCallum, Jr., Cynthia L. Counts, Atlanta, for appellees.

ELDRIDGE, Judge.

On May 6, 1991, ERC Partnership ("ERC"), defendant-appellee, entered into an asset purchase agreement with Eastern Air Lines ("EAL"), after EAL went bankrupt and ceased operations, to buy its leasehold interest in its Reservation Building for $1,050,000. The building was owned by the John D. and Catherine T. MacArthur Foundation ("Foundation"). On June 24, 1991, the Bankruptcy court approved this sales agreement. ERC began negotiations with the Foundation...

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