Legal Opinion
Grady Tractor Co. v. First National Bank
Court of Appeals of Georgia
Decided June 24, 1994No. A94A0928PublishedCited by 3 opinions
1Opinion of the Court
Johnson, Judge.
George Leonard Phillips pledged a tractor as security for loans from First National Bank of Grady County and apparently for a loan from the Cairo Banking Company. After Phillips defaulted on the loans, Grady Tractor Company, Inc., at the request of Cairo and unbeknownst to First National, seized and repaired the tractor. First National then informed Grady that it, not Cairo, had a properly recorded and perfected first lien on the tractor. First National filed the instant complaint against Grady for unlawful conversion of the tractor. Grady counterclaimed for the cost of…
2Cases cited7 opinions
- Daniel v. Bi-Lo, Inc.Court of Appeals of Georgia · 1986
- Smith Development, Inc. v. FloodCourt of Appeals of Georgia · 1991
- Ginsberg v. TermottoCourt of Appeals of Georgia · 1985
- Beavers v. WeatherlySupreme Court of Georgia · 1983
- Poulnott v. Surgical Associates of Warner Robins, P.C.Court of Appeals of Georgia · 1986
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3Cited by3 opinions
- Hollifield v. Monte Vista Biblical Gardens, Inc.Court of Appeals of Georgia · 2001
- First Bancorp Mortgage Corp. v. GiddensCourt of Appeals of Georgia · 2001
- Georgia-Carolina Petroleum Co. v. HeadCourt of Appeals of Georgia · 1994