MacOmber v. First Union National Bank of Georgia
Court of Appeals of Georgia
1Opinion of the Court
Johnson, Judge.
Loyd E. Pryor sought to borrow funds to finance his peanut and soybean crops from the Farmer’s Home Administration and the Bank of Screven County, predecessor to First Union National Bank of Georgia. Because of the level of Pryor’s outstanding debt, and his nonperformance on previous loans, his requests were denied. Pryor then asked a friend, Roger C. Macomber, to loan him the money. Ma-comber agreed to loan the funds to Pryor, but in order to do so Ma-comber had to borrow $500,000 from First Union. He executed a promissory note on July 15, 1982, the expressly stated purpose of…
2Cases cited8 opinions
- Limoli v. First Georgia BankCourt of Appeals of Georgia · 1978
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