Financeamerica Corp. v. Drake

154 Ga. App. 811 (1980)

270 S.E.2d 449

FINANCEAMERICA CORPORATION

v.

DRAKE.

59179.

Court of Appeals of Georgia.

Argued January 8, 1980.

Decided April 24, 1980.

Rehearing Denied June 11, 1980.

Joseph G. Davis, Jr., John C. Porter, Jr., for appellant.

E. Graydon Shuford, for appellee.

Ralph S. Goldberg, amicus curiae.

CARLEY, Judge.

This case again presents for review the propriety of our decision in Consolidated Credit Corp. v. Peppers, 144 Ga. App. 401 (240 SE2d 922) (1977). The sole issue in that Industrial Loan Act (ILA) case was the meaning of the phrase "face amount of the contract" (hereinafter, FAC)…