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SAGE TECHNOLOGY v. NATIONSBANK N.A. SOUTH

No. A98A1364.

509 S.E.2d 694 (1998)

235 Ga. App. 405

SAGE TECHNOLOGY, INC. v. NATIONSBANK N.A. SOUTH.

Court of Appeals of Georgia.

November 20, 1998.

Attorney(s) appearing for the Case

Sabiston & Smith, Eric P. Sabiston, Atlanta, for appellant.

Alston & Bird, Lonnie T. Brown, Jr., Staci B. Abrams, Atlanta, for appellee.

McMURRAY, Presiding Judge.

On July 8, 1996, NationsBank N.A. South ("NationsBank") contracted to sell Sage Technology, Inc. ("Sage") two parcels of realty for $1.8 million. The parties' sales contract ("the Agreement") called for the deal to close on or before August 1, 1996, "unless the parties mutually agree in writing upon another place, time, or date." Paragraph 3.1 of the Agreement required Sage to make a $50,000 earnest money deposit with an escrow agent, which...

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