PRESIDENTIAL FINANCIAL v. BONANNO, INC.

No. A00A0345.

535 S.E.2d 809 (2000)

244 Ga. App. 430

PRESIDENTIAL FINANCIAL CORPORATION v. FRANCIS A. BONANNO, INC.

Court of Appeals of Georgia.

June 12, 2000.


Attorney(s) appearing for the Case

Sutherland, Asbill & Brennan, Steven L. Polk, Atlanta, for appellant.

Griffin, Cochran & Marshall, Craig A. Courville, Atlanta, Gerald L. Turner, Vandalia, OH, for appellee.


RUFFIN, Judge.

Presidential Financial Corporation appeals from the trial court's grant of summary judgment in favor of Francis A. Bonanno, Inc. on Presidential's promissory estoppel claim. Because genuine issues of material fact preclude summary judgment, we reverse.

Presidential extends loans to businesses and uses their accounts receivable as collateral. In 1995, Presidential entered into a business relationship with Moccia Brothers, Inc., a distributor...

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