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HELLER & CO. v. AETNA &c. CREDIT

57553.

151 Ga. App. 898 (1979)

WALTER E. HELLER & COMPANY v. AETNA BUSINESS CREDIT, INC.

Court of Appeals of Georgia.

Decided September 17, 1979.

Rehearing Denied October 23, 1979.

Attorney(s) appearing for the Case

Don W. Johnson, S. Phillip Heiner, Barbara A. Speck, for appellant.

Warren N. Coppedge, Jr., James H. Bisson, for appellee.

McMURRAY, Presiding Judge.

Aetna Business Credit, Inc. maintained a factoring arrangement with Chem-Tech Finishers, Inc. under which Aetna, in consideration of advance fees and interest charges, advanced funds to Chem-Tech in return for its assignment to Aetna of invoices representing accounts receivable generated by Chem-Tech in the normal course of its carpet finishing business. At the same time Walter E. Heller & Company (later determined to be doing business...

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