THURMOND v. PEOPLES AUTOMOBILE LOAN & FINANCE CORPORATION

44064.

118 Ga. App. 844 (1968)

165 S.E.2d 885

THURMOND v. PEOPLES AUTOMOBILE LOAN & FINANCE CORPORATION.

Court of Appeals of Georgia.

Decided December 2, 1968.

Rehearing Denied December 17, 1968.


Attorney(s) appearing for the Case

Hudson & Stula, Jim Hudson, for appellant.

Joseph J. Gaines, Kilpatrick, Cody, Rogers, McClatchey & Regenstein, Emmet J. Bondurant, for appellee.


DEEN, Judge.

1. Accord and satisfaction results where a former agreement is satisfied by a subsequent one which has been itself executed. Code § 20-1201. To be an accord and satisfaction, the state of facts relied on must contain some benefit or new consideration to the creditor. Code § 20-1204. The defendant's plea of accord and satisfaction here shows merely that the plaintiff foreclosed on some 25 cars contained in the inventory of Thurmond...

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