HOBBIEST FINANCEING CORP. v. SPIVEY

50057.

135 Ga. App. 353 (1975)

217 S.E.2d 613

HOBBIEST FINANCING CORPORATION v. SPIVEY et al.

Court of Appeals of Georgia.

Decided June 18, 1975.

Rehearing Denied July 9, 1975.


Attorney(s) appearing for the Case

Shoob, McLain, Jessee, Merritt & Lyle, Georgia E. Duncan, Jr., Robert B. Hill, for appellant.

Davis, Clifford & Florence, G. W. Florence, Jr., J. Stephen Clifford, Henry R. Stringfellow, for appellees.


EVANS, Judge.

This is another one of the many cases we have had recently seeking to collect money loaned under the Industrial Loan Act. The loan contract was for $2,500, payable in monthly instalments of $127.92 for 24 months, total payments being $3,070.08. The note provided that under certain situations therein set out, including failure to pay instalments promptly when due, all remaining instalments would immediately become due and collectible; and after maturity...

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