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YOUNG v. BANK OF QUITMAN

72885.

180 Ga. App. 491 (1986)

349 S.E.2d 510

YOUNG v. BANK OF QUITMAN.

Court of Appeals of Georgia.

Rehearing Denied October 8, 1986.

Attorney(s) appearing for the Case

T. Lee Bishop, Jr., for appellant.

Wade H. Coleman, Clifton G. Spencer, for appellee.

BIRDSONG, Presiding Judge.

Dismissal of Counterclaims. The appellant John R. Young was indebted to the Bank of Quitman in an amount of more than $99,000, evidenced by a note. In 1985 Young persuaded the bank to renegotiate the note from a flexible rate of interest to a flat rate and extended the note until January 1986. Young assured the bank he would receive certain money from a Florida investment and from the sale of a yacht, the proceeds of which would enable him...

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