Legal Opinion
Kennedy v. Brand Banking Co.
Supreme Court of Georgia
Decided March 18, 1980No. 35789PublishedCited by 16 opinions
1Opinion of the Court
Nichols, Justice.
The court granted certiorari to review the decision of the Court of Appeals in Kennedy v. Brand Banking Co., 152 Ga. App. 47 (262 SE2d 177) (1979).
On February 19, 1974, Kennedy and three other individuals borrowed $50,000 each from the Brand Banking Company at 8% annual interest. Kennedy’s loan was made in connection with his personal business as a real estate investor. Kennedy offered his ownership of one-quarter undivided interest in 78 acres of land as collateral. This loan was renewed several times during the next three years at interest rates of 11% or 12%. The final…
2Cases cited9 opinions
- General Electric Credit Corp. v. BrooksSupreme Court of Georgia · 1978
- Wolverine Insurance v. Jack Jordan, Inc.Supreme Court of Georgia · 1957
- Redman Development Corp. v. Piedmont Heating & Air Conditioning, Inc.Court of Appeals of Georgia · 1973
- Kennedy v. Brand Banking Co.Court of Appeals of Georgia · 1979
- Trust Investment & Development Co. v. First Georgia BankSupreme Court of Georgia · 1977
4 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- National City Bank v. BusbinCourt of Appeals of Georgia · 1985
- Perling v. Citizens & Southern National BankSupreme Court of Georgia · 1983
- Braugh v. Corpus Christi Bank & TrustCourt of Appeals of Texas · 1980
- McDuffie v. ArgrovesCourt of Appeals of Georgia · 1998
- Boddy Enterprises, Inc. v. City of AtlantaCourt of Appeals of Georgia · 1984
11 more not listed; retrieve them via the Exa API.