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CESSNA FIN. CORP. v. DESIGN ENG. &c., INC.

70443.

176 Ga. App. 206 (1985)

335 S.E.2d 625

CESSNA FINANCE CORPORATION v. DESIGN ENGINEERING & CONSTRUCTION INTERNATIONAL, INC.

Court of Appeals of Georgia.

Rehearing Denied September 26, 1985.

Attorney(s) appearing for the Case

Paul M. Talmadge, Jr., Stephen E. O'Day, for appellant.

Charles A. Ratz, for appellee.

POPE, Judge.

The appellee, Design Engineering & Construction International, Inc. (DECI), purchased an airplane from Outlaw Aircraft Sales, Inc. (Outlaw) on November 10, 1979 for $51,808. At that time DECI executed a sales contract and promissory note, pursuant to which Outlaw financed $40,000 of the purchase price and DECI granted Outlaw a security interest in the aircraft. Outlaw then assigned the promissory note and sales contract to the appellant, Cessna Finance...

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