Dunlap v. First Rock Credit Corp.

Beasley, Judge.

Defendant Dunlap appeals the grant of summary judgment to First Rock Credit, which sued on two promissory notes signed by Dunlap, one for $45,352 and one for $61,060, both dated December 31, 1985. First Rock Credit Corporation is a wholly owned subsidiary of First Rock Financial Corporation. First Rock Financial Corporation and First Rock Associates I Limited Partnership offered for sale in Georgia a tax shelter security known as “FR Equipment Leasing Trust 85-4,” which had a closing date of December 31, 1985.

Dunlap met Doug Bowers in 1985. Bowers was an independent insurance…