TIMBERLAKE GROCERY COMPANY OF MACON v. CARTWRIGHT

28691.

232 Ga. 281 (1974)

206 S.E.2d 472

TIMBERLAKE GROCERY COMPANY OF MACON v. CARTWRIGHT et al.

Supreme Court of Georgia.

Decided May 21, 1974.


Attorney(s) appearing for the Case

Cubbedge Snow, Tom K. Smith, for appellant.


UNDERCOFLER, Justice.

The appellant foreclosed a security agreement executed by the appellees in its favor under Code § 67-701. The security agreement conveyed to the appellant title to a stock of merchandise consisting of groceries, meats and other similar products carried in a grocery store as well as fixtures and equipment. The agreement secured a promissory note for $33,000 and other future indebtedness of the appellees to the appellant. It provided: "Default...

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