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AETNA FIN. CO. v. CULPEPPER

68041.

171 Ga. App. 315 (1984)

320 S.E.2d 228

AETNA FINANCE COMPANY v. CULPEPPER.

Court of Appeals of Georgia.

Decided June 25, 1984.

Attorney(s) appearing for the Case

Dorothy Y. Kirkley, Mark B. Wesson, Elizabeth J. Mallory, for appellant.

Charles A. Gower, for appellee.

QUILLIAN, Presiding Judge.

Plaintiff appellee Myrtice L. Culpepper and her son Larry purchased a 1978 dump truck in November 1981 for $36,000 from Quality GMC trucks in Columbus. They put $4,000 in cash down and applied for a $34,000 loan from appellant Aetna Finance Company (Aetna). Aetna appraised the dump truck as worth $18,000 and, for additional collateral, paid off the first lien on Mrs. Culpepper's residence for $1,200 and took a first mortgage on the home...

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