Legal Opinion
Old Stone Company I, LLC v. Hughes
Supreme Court of Georgia
Decided July 7, 2008No. S08A0491PublishedCited by 8 opinions
1Opinion of the Court
BENHAM, Justice.
In May 2004, K. Payne Hughes and Old Stone Company I, LLC (“Old Stone”) formed Morgan Fields, LLC for the purpose of purchasing property in Morgan County. Hughes loaned Morgan Fields approximately 2.1 million dollars to buy the land and they executed a promissory note and deed to secure the debt on June 2, 2004. The debt was scheduled to come due on May 2, 2007. Morgan Fields failed to repay the debt and the loan defaulted on May 3, 2007. Hughes moved to foreclose the property.
The foreclosure date was changed several times while the parties tried to work out their differences.…
2Cases cited9 opinions
- Brown v. SpannSupreme Court of Georgia · 1999
- Jackson v. Bibb County School DistrictSupreme Court of Georgia · 1999
- Francis v. FrancisSupreme Court of Georgia · 2005
- Ruskin v. AAF-McQuay, Inc.Court of Appeals of Georgia · 2007
- Plaza Properties, Ltd. v. Prime Business Investments, Inc.Supreme Court of Georgia · 2000
4 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Steed v. Federal National Mortgage Corp.Court of Appeals of Georgia · 2009
- Olagbegi v. HuttoCourt of Appeals of Georgia · 2013
- In Re Estate of LongCourt of Appeals of Georgia · 2011
- COFFMAN GRADING CO., INC. v. Forsyth CountyCourt of Appeals of Georgia · 2010
- Hampton Island, LLC v. HAOP, LLCCourt of Appeals of Georgia · 2012
3 more not listed; retrieve them via the Exa API.