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GRADY TRACTOR CO. INC. v. FIRST NAT. BANK

A94A0928.

213 Ga. App. 663 (1994)

446 S.E.2d 228

GRADY TRACTOR COMPANY, INC. v. FIRST NATIONAL BANK OF GRADY COUNTY.

Court of Appeals of Georgia.

Decided June 24, 1994.

Attorney(s) appearing for the Case

Loftiss, Van Heiningen & Ward, J. Patrick Ward, for appellant.

Porter, Lehman & Chason, J. Kevin Chason, for appellee.

JOHNSON, Judge.

George Leonard Phillips pledged a tractor as security for loans from First National Bank of Grady County and apparently for a loan from the Cairo Banking Company. After Phillips defaulted on the loans, Grady Tractor Company, Inc., at the request of Cairo and unbeknownst to First National, seized and repaired the tractor. First National then informed Grady that it, not Cairo, had a properly recorded and perfected first lien on the tractor. First National...

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