DOYAL v. THORNTON

A92A0401, A92A0405.

205 Ga. App. 74 (1992)

421 S.E.2d 314

DOYAL v. THORNTON. LESSER et al. v. THORNTON.

Court of Appeals of Georgia.

Reconsideration Denied July 21, 1992.


Attorney(s) appearing for the Case

McGee & Oxford, James C. Carr, Jr., Stanley P. Meyerson, for appellant (case no. A92A0401).

Jones, Brown, Brennan & Eastwood, Taylor W. Jones, Myles E. Eastwood, David N. Lefkowitz, Simmons, Warren & Szczecko, Joseph Szczecko, for appellants (case no. A92A0405).

Driebe & Driebe, Charles J. Driebe, D. Keith Scott, Jr., for appellee.


ANDREWS, Judge.

These two appeals arise out of the same lawsuit, which was based on the following facts. On September 2, 1987, appellee Thornton sold the business entity, Vermillion Bay. Thornton was paid $334,000 at closing and was given a promissory note, signed by the president of Vermillion Bay, for the balance of $334,000. In connection with the note, a security agreement and stock pledge agreement were executed. An assumption agreement which listed Vermillion...

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