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FIRST NAT. BANK v. DAMIL, INC.

68016, 68017.

171 Ga. App. 237 (1984)

319 S.E.2d 54

FIRST NATIONAL BANK OF DALTON v. DAMIL, INC. FIRST NATIONAL BANK OF DALTON v. CHESTER et al.

Court of Appeals of Georgia.

Rehearing Denied June 20, 1984.

Attorney(s) appearing for the Case

Charles L. Daniel III, for appellant.

Robert M. Brinson, Quinton S. King, Harvey C. Brown, Jr., for appellees.

DEEN, Presiding Judge.

In February of 1978 appellees Chester, Lucas, and Thacker executed a promissory note and security agreement as officers of Damil, Inc., a corporation organized for the purpose of operating a steak house franchise in Dalton, Georgia. Under the terms of the note, which reflected a loan to Damil by appellant First National Bank of Dalton (the bank), Damil was to pay each month the sum of $7,862.50 representing principal and interest at 10%, beginning...

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