ALLIED LEASING CORPORATION v. MURPHY

53422.

141 Ga. App. 424 (1977)

233 S.E.2d 499

ALLIED LEASING CORPORATION et al. v. MURPHY.

Court of Appeals of Georgia.

Decided February 25, 1977.


Attorney(s) appearing for the Case

Jerry L. Stepp, for appellants.

Webb, Parker, Young & Ferguson, Thomas L. Murphy, for appellee.


STOLZ, Judge.

An agreement, whereby a forty-acre tract of California real estate was sold with the guarantee that the sellers would resell the realty in one year for twice the plaintiff's purchase price, was a "security," defined by the Georgia Securities Act of 1957, § 1(i) (Ga. L. 1957, pp. 134, 136; Code Ann. § 97-102 (i) as, inter alia, "any ... investment contract, ... (or) beneficial interest in title to property, ..." The above transaction falls within...

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