Legal Opinion
Wright Carriage Co. v. Business Development Corp. of Georgia, Inc.
Court of Appeals of Georgia
Decided March 8, 1996No. A95A2350PublishedCited by 8 opinions
1Opinion of the Court
Beasley, Chief Judge.
The Wright Carriage Company began its business operations in 1983, producing conversion vans and other customized vehicles. Over the course of four years beginning in 1985, it obtained three loans from The Business Development Corporation of Georgia (“BDC”), and its president obtained a fourth loan, the proceeds of which were applied to the business. The president and her husband, who was the general manager and corporate secretary of the company, were its sole shareholders.
Each of these secured loans had an interest rate which fluctu ated with the prime rate, and BDC…
2Cases cited22 opinions
- Shirley v. StateSupreme Court of Georgia · 1980
- Bearden Mercantile Co. v. Madison Oil Co.Supreme Court of Georgia · 1907
- Continental Casualty Co. v. Union Camp Corp.Supreme Court of Georgia · 1973
- Smith v. GENERAL FINANCE CORPORATION OF GEORGIASupreme Court of Georgia · 1979
- Jones v. LawmanCourt of Appeals of Georgia · 1937
17 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Choice Hotels International, Inc. v. Ocmulgee Fields, Inc.Court of Appeals of Georgia · 1996
- Williams v. National Auto Sales, Inc.Court of Appeals of Georgia · 2007
- Reynolds v. Cb&tCourt of Appeals of Georgia · 2017
- Jaraysi v. SebastianCourt of Appeals of Georgia · 2012
- Soloski v. AdamsDistrict Court, N.D. Georgia · 2009
3 more not listed; retrieve them via the Exa API.