Smith v. Gholstin
Court of Appeals of Georgia
1Opinion of the CourtBell, J.
1. Where the holder of a note secured by a deed to land agrees with another, who has purchased the land subject to the security deed and the indebtedness, to extend the maturity of the indebtedness for a period of years upon the purchaser’s execution of notes for the payment of interest at stated intervals during such period, and where such interest notes are duly executed and delivered to and accepted by the creditor, the agreement as to the extension of the maturity of the original indebtedness is based upon a sufficient consideration, and constitutes a binding and enforceable contract…
Also in this document: Concurrence.
2Cases cited14 opinions
- Young v. DurhamCourt of Appeals of Georgia · 1915
- Realty Co. v. EllisCourt of Appeals of Georgia · 1908
- Morgan v. ArgardSupreme Court of Georgia · 1918
- Provident Savings Life Assurance Society v. Georgia Industrial Co.Supreme Court of Georgia · 1905
- Hasbrouck v. Bondurant & McKinnonSupreme Court of Georgia · 1906
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3Cited by10 opinions
- Stinemeyer v. Wesco Farms, Inc.Oregon Supreme Court · 1971
- Adams v. Washington Fidelity National InsuranceCourt of Appeals of Georgia · 1934
- Barnwell v. HansonCourt of Appeals of Georgia · 1950
- Wrenn v. Massell Realty Co.Court of Appeals of Georgia · 1934
- Carmichael v. GuenetteCourt of Appeals of Georgia · 1939
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