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FIRST GA. BANK v. M. D. HODGES &c. INC.

55315.

146 Ga. App. 803 (1978)

247 S.E.2d 490

FIRST GEORGIA BANK v. M. D. HODGES ENTERPRISES, INC.

Court of Appeals of Georgia.

Decided June 15, 1978.

Rehearing Denied July 25, 1978.

Attorney(s) appearing for the Case

Troutman, Sanders, Lockerman & Ashmore, John G. Grubb, Jr., William G. McDaniel, for appellant.

King & Spalding, Charles M. Shaffer, Jr., Nolan C. Leake, for appellee.

McMURRAY, Judge.

On or about September 25, 1972, John K. Porter Company, Inc., a real estate brokerage concern, executed a promissory note and security agreement for $10,000 to First Georgia Bank. The collateral for the note consisted of the following: "Commissions due from commission agreement dated November 1, 1971 between John K. Porter Company, Inc., and M. D. Hodges Enterprises, Inc., relating to a General Motors Corporation lease of the premises at 790 Great...

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