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NICKELL v. IAG FEDERAL, ETC.

A94A0700.

213 Ga. App. 516 (1994)

445 S.E.2d 335

NICKELL v. IAG FEDERAL CREDIT UNION.

Court of Appeals of Georgia.

Decided June 9, 1994.

Attorney(s) appearing for the Case

Boyce, Ekonomou & Atkinson, Andrew J. Ekonomou, Howell A. Hall, for appellant.

Macey, Wilensky, Cohen, Wittner & Kessler, Richard B. Maner, Susan L. Howick, for appellee.

BEASLEY, Presiding Judge.

In this appeal from a grant of summary judgment, appellant has the benefit of all favorable evidentiary inferences.

Nickell had a revolving credit loan from IAG secured by shares of IBM stock. Under the loan agreement, IAG had the right to liquidate the stock unilaterally when Nickell was in default and Nickell could not sell the shares without IAG's permission. In October 1987 changes in the value of the stock resulted in the loan...

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