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CLONTS v. ASSOCIATED DISTRIBUTORS, INC.

49505.

132 Ga. App. 558 (1974)

208 S.E.2d 570

CLONTS v. ASSOCIATED DISTRIBUTORS, INC. et al.

Court of Appeals of Georgia.

Decided September 4, 1974.

Attorney(s) appearing for the Case

Fred W. Minter, for appellant.

Hatcher, Meyerson, Oxford & Irvin, Henry M. Hatcher, Jr., Arnall, Golden & Gregory, Allen I. Hirsch, for appellees.

PANNELL, Presiding Judge.

Thomas J. Northcutt, Inc., whose president and majority stockholder was Thomas J. Northcutt, sold some five building lots to Franklin Road Corp., of which Thomas J. Northcutt was an officer and principal stockholder. Franklin Road Corp., thereafter, entered into an agreement with C. B. Clonts to build houses on the lots. Clonts, knowing that Franklin Road had no credit, agreed to use his own credit for the purchase of building materials....

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