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FIRST NAT. BANK &c. v. ATLANTA CLASSIC CARS

75520.

184 Ga. App. 784 (1987)

363 S.E.2d 16

FIRST NATIONAL BANK OF COBB COUNTY v. ATLANTA CLASSIC CARS, INC.

Court of Appeals of Georgia.

Rehearing Denied November 5, 1987.

Attorney(s) appearing for the Case

Hansell L. Smith, David P. Darden, for appellant.

John A. Swann, Cyrus Malone, for appellee.

DEEN, Presiding Judge.

According to the facts stipulated by the parties, CBS Leasing, Inc. (CBS), was a licensed automobile dealer that regularly bought, sold, and leased new and used cars. Its usual method of business involved finding a lease customer for an automobile, and then selling the vehicle and assigning the lease to a financial institution rather than retaining ownership and receiving the monthly lease payments...

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