BANK OF AUGUSTA v. WESTINGHOUSE &c. CORP.

40730.

110 Ga. App. 231 (1964)

138 S.E.2d 191

BANK OF AUGUSTA et al. v. WESTINGHOUSE ELECTRIC CORPORATION.

Court of Appeals of Georgia.

Decided September 9, 1964.


Attorney(s) appearing for the Case

Lanier, Powell, Cooper & Cooper, Northcutt & Edwards, W. S. Northcutt, for plaintiff in error.

Jones, Bird & Howell, Trammell E. Vickery, Frazer Durrett, Jr., contra.


PANNELL, Judge.

Where Corporation A, the operator of a retail appliance store, and indebted to Corporation B upon a mortgage on its stock of goods, wares and merchandise, entered into a parol agreement with Corporation B whereby Corporation B took possession of all the assets of said appliance store with authority "to hold and manage the retail business so conducted" by Corporation A until the indebtedness covered by the mortgage was paid, and one of Corporation B...

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