Snooty Fox, Inc. v. First American Investment Corp.

Birdsong, Judge.

Appellant was the owner of certain real estate in Fulton County and upon this property, appellant was constructing a project known as Snooty Fox Apartments. The general contractor of the project was the president and majority stockholder of Accent Development Corporation (Accent). While construction was in progress on the Snooty Fox Apartments, Accent was constructing its own apartment project known as Englewood Apartments. Appellees held a security deed on the Englewood Apartments project and made loans to Accent on this project.

Accent defaulted on its payments to appellees…