Legal Opinion
Russell Corp. v. Bancboston Financial Co.
Court of Appeals of Georgia
Decided June 23, 1993No. A93A0513PublishedCited by 19 opinions
1Opinion of the Court
Smith, Judge.
The Russell Corporation and Gulf South Petroleum, Inc., (the companies) engaged in the petroleum wholesale business. In 1985, BancBoston Financial Company (the bank) established a revolving line of credit in favor of the companies, secured in part by their inventory, accounts receivable, and certain real estate. The companies applied advances from this line of credit to pay their petroleum suppliers and also to purchase additional real estate.
In 1989, the companies were routinely issuing checks creating liabilities in excess of the amount available under the line of credit. In…
2Cases cited12 opinions
- Lau's Corp., Inc. v. HaskinsSupreme Court of Georgia · 1991
- Cochran v. MurrahSupreme Court of Georgia · 1975
- Arford v. BlalockCourt of Appeals of Georgia · 1991
- Viau v. Fred Dean, Inc.Court of Appeals of Georgia · 1992
- A. L. Williams & Associates v. FairclothSupreme Court of Georgia · 1989
7 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- DaimlerChrysler Motors Co., LLC v. ClementeCourt of Appeals of Georgia · 2008
- Gold Standard, Inc. v. Getty Oil Co.Utah Supreme Court · 1996
- R. T. Patterson Funeral Home, Inc. v. HeadCourt of Appeals of Georgia · 1994
- Moore v. Bank of FitzgeraldCourt of Appeals of Georgia · 1997
- Dalton Diversified, Inc. v. AmSouth BankCourt of Appeals of Georgia · 2004
14 more not listed; retrieve them via the Exa API.