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FULTON NAT. BANK v. WILLIS DENNEY FORD

59773.

154 Ga. App. 846 (1980)

269 S.E.2d 916

FULTON NATIONAL BANK v. WILLIS DENNEY FORD, INC. et al.

Court of Appeals of Georgia.

Decided June 12, 1980.

Attorney(s) appearing for the Case

Robert E. Shields, Richard R. Cheatham, Lawrence J. Hogan, for appellant.

Frank C. Bedinger, III, Alan F. Herman, for appellees.

CARLEY, Judge.

In 1966 appellant-Fulton National Bank (Bank) entered into a loan agreement with appellee-Willis Denney Ford, Inc. (WDF). The agreement contemplated the financing of WDF's automobile inventory through a floor plan arrangement. WDF purchased automobiles from Ford Motor Company. When an automobile was delivered to WDF, Ford presented a sight draft to the Bank for payment. The Bank paid the sight draft and WDF in turn executed a demand promissory note...

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