The Georgia Court of Appeals has reached the end of its November 2013 term. Two decisions issued towards the end for that term indicate the problems that parties face when an unclear or ambiguous contract ends up in court. One of those cases was DJ Mortgage, LLC v. Synovus Bank, Case No. A13A1046 (decided November 22, 2013). Synovus Bank loaned money to DJ Mortgage which DJ Mortgage in turn used to fund mortgages. The parties’ agreements required that when DJ Mortgage made a mortgage loan, it would assign the relevant documents to Synovus. The parties disputed whether the bank was… Read more