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PAN AM MARKETING v. FINCANNON

36476.

246 Ga. 315 (1980)

271 S.E.2d 212

PAN AM MARKETING, INC. v. FINCANNON et al.

Supreme Court of Georgia.

Decided September 9, 1980.

Attorney(s) appearing for the Case

R. Britt Harris, Jr., for appellant.

Bruce B. Weddell, for appellees.

BOWLES, Justice.

Geoffrey Milspaw, Robert Baitcher and Karel Pruner were shareholders in Honey For The Bears, Inc. On January 19, 1978 Milspaw executed a note in the sum of $5,000 to Baitcher and simultaneously Honey For The Bears, Inc. executed a Bill of Sale to Secure Debt to Baitcher covering certain fixtures and equipment (hereinafter referred to as "collateral") held by the corporation. Honey For the Bears, Inc. executed a UCC Financing Statement to Baitcher...

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