Atlanta Area Broadcasting, Inc. v. James Brown Enterprises, Inc.
Court of Appeals of Georgia
1Opinion of the Court
Andrews, Presiding Judge.
Atlanta Area Broadcasting, Inc. (AAB) appeals from an order of the trial court which enjoined it from exercising indemnification rights to reduce its note payment obligations under an agreement by which it purchased a radio station from Darrell Spann. For the following reasons, we reverse.
AAB purchased a radio station from Spann in 1998 pursuant to the terms of an asset purchase agreement (the purchase agreement) and began making monthly payments under the purchase agreement on a 40-year note for the benefit of Spann. The purchase was authorized by a July 1998 DeKalb…
2Cases cited12 opinions
- State Farm Mutual Automobile Insurance v. MabrySupreme Court of Georgia · 2001
- Cohran v. CarlinSupreme Court of Georgia · 1982
- Brown v. SpannSupreme Court of Georgia · 1999
- Kennedy v. WM Sheppard Lumber Co., Inc.Supreme Court of Georgia · 1991
- Algernon Blair, Inc. v. National Surety CorporationSupreme Court of Georgia · 1966
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