DIGGS v. SWIFT LOAN &c. CO.

59229.

154 Ga. App. 389 (1980)

268 S.E.2d 450

DIGGS v. SWIFT LOAN & FINANCE COMPANY, INC.

Court of Appeals of Georgia.

Decided April 22, 1980.


Attorney(s) appearing for the Case

Willie Abrams, Paul E. Kauffman, Charles M. Baird, for appellant.

William L. Slaughter, for appellee.


SOGNIER, Judge.

Appellant, Annie K. Diggs, filed a motion to set aside a 1974 default judgment entered in favor of appellee, Swift Loan and Finance Co., when appellant failed to make payments on a loan contract entered into under the Georgia Industrial Loan Act (ILA). The trial court denied appellant's motion. We reverse.

The contract in question contains two acceleration clauses, one in the promissory note and the other in the security agreement. The clause...

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