First Bank of Clayton County v. Dollar

Shulman, Presiding Judge.

In February 1976, using money he had borrowed from appellant-First Bank of Clayton County, Jimmy Williamson pur chased two liquor stores from appellee-Dollar. As collateral for the loan, Williamson gave appellant a security interest in the inventory and equipment found in the stores. By June 1976, Williamson and the two liquor stores were in such financial difficulty that appellant was ready to foreclose. Appellee returned to the stores in a managerial capacity and conducted the businesses through September 1976, at which time the stores were sold to another…