Legal Opinion
David v. ITT Diversified Credit Corp.
Court of Appeals of Georgia
Decided May 7, 1985No. 70168PublishedCited by 4 opinions
1Opinion of the Court
Banke, Chief Judge.
Allstar Mobile Home Sales, Inc., entered into a revolving loan contract with the appellee, ITT Diversified Credit Corporation, to obtain financing for its mobile home inventory. Appellants Noel and Maureen David, Allstar’s president and secretary, respectively, personally guaranteed Allstar’s performance under the contract. Based on Allstar’s subsequent failure to make scheduled payments in May and June 1982, ITT declared the loan to be in default and repossessed a number of mobile homes which served as collateral for the indebtedness. The total outstanding indebtedness at…
2Cases cited6 opinions
- Burnette Ford, Inc. v. HayesSupreme Court of Georgia · 1971
- Chambers v. Citizens & Southern National BankSupreme Court of Georgia · 1978
- Tri-Cities Hospital Authority v. SheatsSupreme Court of Georgia · 1981
- Considine Co. of Georgia, Inc. v. Turner Communications Corp.Court of Appeals of Georgia · 1980
- Citizens & Southern National Bank v. BougasCourt of Appeals of Georgia · 1979
1 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Lovell v. ThomasCourt of Appeals of Georgia · 2006
- Kenemer v. First National BankCourt of Appeals of Georgia · 1993
- Associates Commercial Corp. v. StoreyCourt of Appeals of Georgia · 1989
- Smith v. StilphenDistrict Court, D. New Hampshire · 2004