Supreme Court of Georgia May 31, 1990, S90G0457 (Residential Developments, Inc. v. Massicott)

Smith, Presiding Justice.

We granted a writ of certiorari to the Court of Appeals in Residential Developments, Inc. v. Massicott, 193 Ga. App. 857 (389 SE2d 347) (1989), and we reverse.

The appellant, Residential Developments, Inc., entered into a real estate transaction with the Massicott Corporation. When the transaction failed to close, the appellant sought the return of its earnest money.