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THRIFT v. MAXWELL

63261.

162 Ga. App. 237 (1982)

290 S.E.2d 301

THRIFT v. MAXWELL.

Court of Appeals of Georgia.

Rehearing Denied May 3, 1982.

Attorney(s) appearing for the Case

Roy J. Leite, Jr., for appellant.

Vickie Cheek Lyall, for appellee.

BIRDSONG, Judge.

Dissipation of Corporate Assets. The facts reflect that Maxwell came to DeKalb County on or before June 1973 and induced the appellant Jack Thrift to invest $9,000 in a corporation, the purpose of which was to own and operate four franchises in North Carolina involving Bonanza Steak houses. Thrift also was the owner of an advertising business and as part of the inducement, Maxwell asserted that a considerable amount of advertising business would be...

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