ALLEN v. ALCO FINANCE INC.

48955, 48956.

131 Ga. App. 545 (1974)

206 S.E.2d 547

ALLEN et al. v. ALCO FINANCE, INC. MATTHEW v. ALCO FINANCE, INC.

Court of Appeals of Georgia.

Decided April 2, 1974.


Attorney(s) appearing for the Case

Charles M. Baird, John L. Cromartie, Jr., Bettye H. Kehrer, for appellants.


BELL, Chief Judge.

Both of these cases concern suits upon notes executed under the provisions of the Georgia Industrial Loan Act by the plaintiff-lender. Ga. L. 1955, pp. 431-445 (Code Ann. Ch. 25-3). Each note provided "Failure to pay any installment when due ... shall, at the option of the holder hereof, ... render all remaining installments at once due and collectible..." Motions for summary judgment by plaintiff were granted in each case and those of defendants...

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