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RIZK v. JONES

57080.

148 Ga. App. 473 (1978)

251 S.E.2d 360

RIZK et al. v. JONES et al.

Court of Appeals of Georgia.

Decided November 28, 1978.

Rehearing Denied December 14, 1978.

Attorney(s) appearing for the Case

Smith, Cohen, Ringel, Kohler & Martin, Robert W. Beynart, David K. Whatley, for appellants.

Powell, Goldstein, Frazer & Murphy, Edward E. Dorsey, Frank Mays Hull, for appellees.

WEBB, Judge.

Fred E. Rizk and his associates as joint venturers under the name of Greenbriar Northeast obtained a loan for which they executed and delivered their note for $5.5 million to James H. Jones and others as trustees of First Commerce Realty Investors, a Louisiana real estate investment trust. The note to FCRI was secured by a second lien on real estate in Gwinnett County which Greenbriar purchased and planned to develop. Appellant Rizk and his associates...

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