FONTAINE v. SIDELINES IV, INC.

No. A00A1937.

538 S.E.2d 137 (2000)

245 Ga. App. 681

FONTAINE v. SIDELINES IV, INC. et al.

Court of Appeals of Georgia.

Reconsideration Denied August 28, 2000.


Attorney(s) appearing for the Case

Olim & Loeb, Jay E. Loeb, Atlanta, for appellant.

Schulten, Ward & Turner, Kevin L. Ward, Erin S. Stone, Atlanta, Helena K. Katzenstein, Marietta, for appellees.


ELDRIDGE, Judge.

On August 13, 1996, Steven Katzenstein made an oral agreement with Charles E. Fontaine to borrow $100,000 at 18 percent per annum, repayable in 60 equal installments with a promissory note secured by the pledge of all stocks issued to Katzenstein in a corporation to be formed, Sidelines IV, Inc., which would lease and operate a sports bar. They further agreed that Fontaine would have the option to loan the defendants an additional $175,000 at 15 percent...

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