FREEMAN v. DECATUR LOAN &c. CORP.

52439.

140 Ga. App. 682 (1976)

231 S.E.2d 409

FREEMAN v. DECATUR LOAN & FINANCE CORPORATION.

Court of Appeals of Georgia.

Decided November 4, 1976.

Rehearing Denied December 8, 1976.


Attorney(s) appearing for the Case

Richard K. Greenstein, for appellant.

William J. Porter, for appellee.


CLARK, Judge.

Should an utterly useless unenforceable utterance cause forfeiture of a legal obligation? The obvious answer in the negative is the principal reason for affirmance of the trial court. Additional reasons are (1) the contract does not violate our Georgia Industrial Loan Act; and (2) the decisions under the Federal Truth-in-Lending Act and its concomitant Regulation Z are not applicable.

Lender sought foreclosure of a bill of sale to secure debt...

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