Legal Opinion
Teri-Lu, Inc. v. Georgia Railroad Bank & Trust Co.
Court of Appeals of Georgia
Decided October 18, 1978No. 56473PublishedCited by 7 opinions
1Opinion of the Court
Deen, Presiding Judge.
Defendants, Teri-Lu, Inc., (Teri-Lu), Jack C. Terry and Helen L. Terry, appeal from an order of the trial court granting plaintiffs motion for summary judgment.
On April 10,1974, the Terrys personally guaranteed a promissory note executed by them as president and secretary of Teri-Lu. The note was executed in favor of Leisure Living Communities, Inc., in the sum of $19,070.76. As security for the indebtedness, Teri-Lu conveyed a security interest in a parcel of real estate. The note and security interest were later assigned to plaintiff.
Upon default on the note, plaintiff…
2Cases cited1 opinion
- Dupree v. TurnerCourt of Appeals of Georgia · 1959
3Cited by7 opinions
- Weems v. McCloudCourt of Appeals for the Fifth Circuit · 1980
- Henry v. Hiwassee Land Co.Supreme Court of Georgia · 1980
- Computer Maintenance Corp. v. TilleyCourt of Appeals of Georgia · 1984
- Walton Motor Sales, Inc., Cross-Appellants v. F.H. Ross, Jr., and Ernest Schleussener, Sr., Cross-AppelleesCourt of Appeals for the Eleventh Circuit · 1984
- Kyle R. Weems, Trustee in Bankruptcy for Hamilton Mortgage Corporation, and the Federal Deposit Insurance Corporation, Liquidator for the Hamilton National Bank of Chattanooga v. Walter J. McCloud Ii, Walter J. McCloud Ii, and Charles S. Wilder, Jr., Kyle R. Weems, Trustee in Bankruptcy for Hamilton Mortgage Corporation, and the Federal Deposit Insurance Corporation, Liquidator for the Hamilton National Bank of Chattanooga, Cross-Appellants v. Walter J. McCloud Ii, Walter J. McCloud Ii, and Charles S. Wilder, Jr., Cross-AppelleesCourt of Appeals for the Fifth Circuit · 1980
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