WOODSTOCK RD. &c. PROPERTIES v. LACY

57168.

149 Ga. App. 593 (1979)

254 S.E.2d 910

WOODSTOCK ROAD INVESTMENT PROPERTIES v. LACY.

Court of Appeals of Georgia.

Decided April 13, 1979.


Attorney(s) appearing for the Case

Hansell, Post, Brandon & Dorsey, Gary W. Hatch, Phillip S. Coe, for appellant.

George W. Carreker, for appellee.


BANKE, Presiding Judge.

Woodstock Road Investment Properties, a limited partnership, hereinafter referred to as "Woodstock," purchased some 114 acres of land from J. B. Lacy, plaintiff below, in August 1972. The purchase involved the execution of a promissory note, and a security deed to secure the note.

Annual interest payments were provided for until 1982, after which the balance was to be paid in five equal annual installments of principal and interest...

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