Perry v. Freeman

Pope, Judge.

On November 7, 1977 appellant Perry loaned to appellee Freeman the sum of $5,000 which was secured by Freeman’s promissory note to Perry. On March 10, 1978 Freeman executed a security agreement and financing statement for a debt of $6,000 owed to Atlantic Bank and Trust Company of Savannah, Georgia (“the Bank”). As security for this debt, Freeman, a real estate agent with David A. Byck Realty Company, assigned to the Bank “ [a] 11 contract rights to all commissions on pending sales and all listing fees on property sold and listed that have not been closed. Also, all contract…