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GOSS & GOSS DEVELOPMENT COMPANY v. FIRST UNION NATIONAL BANK OF GEORGIA

A90A0692.

196 Ga. App. 436 (1990)

396 S.E.2d 19

GOSS & GOSS DEVELOPMENT COMPANY v. FIRST UNION NATIONAL BANK OF GEORGIA.

Court of Appeals of Georgia.

Rehearing Denied July 16, 1990.

Attorney(s) appearing for the Case

Theron M. Moore, Bradley W. Bledsoe, for appellant.

McKenney, Jordan & Carey, G. McGregor Jordan, Jr., for appellee.

BEASLEY, Judge.

The bank lent Goss & Goss Development company $50,000 to develop a residential subdivision. The note was renewed twice, and after the partnership used all the funds it asked for additional financing. The bank denied further extension of credit, the loan went into default, and the bank began foreclosure proceedings. The day before the scheduled first foreclosure advertisement, Goss & Goss paid the...

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