Aetna Finance Co. v. Culpepper
Court of Appeals of Georgia
1Opinion of the Court
Quillian, Presiding Judge.
Plaintiff appellee Myrtice L. Culpepper and her son Larry purchased a 1978 dump truck in November 1981 for $36,000 from Quality GMC trucks in Columbus. They put $4,000 in cash down and applied for a $34,000 loan from appellant Aetna Finance Company (Aetna). Aetna appraised the dump truck as worth $18,000 and, for additional collateral, paid off the first lien on Mrs. Culpepper’s residence for $1,200 and took a first mortgage on the home and the dump truck. A note to Aetna for $35,000 and a security agreement covering the dump truck were executed by both Culpeppers,…
2Cases cited19 opinions
- Kennedy v. Gwinnett Commercial BankCourt of Appeals of Georgia · 1980
- Granite Equipment Leasing Corporation v. Marine Development CorporationCourt of Appeals of Georgia · 1976
- Langley v. StoneCourt of Appeals of Georgia · 1965
- Barbree v. Allis-Chalmers Corp.Supreme Court of Georgia · 1982
- Sale City Peanut & Milling Co. v. Planters & Citizens BankCourt of Appeals of Georgia · 1963
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3Cited by20 opinions
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- Medlock v. Farmers State Bank of Texas CountyMissouri Court of Appeals · 1985
- Dareing v. Bank of America Corp.Court of Appeals for the Eleventh Circuit · 2017
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