GRANITE EQUIPMENT LEASING CORPORATION v. MARINE DEVELOPMENT CORPORATION

52662.

139 Ga. App. 778 (1976)

230 S.E.2d 43

GRANITE EQUIPMENT LEASING CORPORATION v. MARINE DEVELOPMENT CORPORATION.

Court of Appeals of Georgia.

Decided October 4, 1976.


Attorney(s) appearing for the Case

John L. Blandford, for appellant.

Haddon, King & Jackson, William C. Haddon, for appellee.


DEEN, Presiding Judge.

1. The trial judge found as a matter of fact that the appellee defaulted on its contract with a balance due of $6,383.19, that the appellant repossessed the equipment and sold it at a private sale for $1,100 after advertising, making telephone inquiries to prospective buyers and receiving a bid of $150 (which was eventually withdrawn), and that the subsequent buyer of the equipment shortly resold it for $1,900.

A secured party has the...

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