COLONIAL BANK v. BOULDER BANKCARD

Nos. A01A2498, A01A2499.

563 S.E.2d 492 (2002)

254 Ga. App. 686

COLONIAL BANK v. BOULDER BANKCARD PROCESSING, INC. et al. Boulder Bankcard Processing, Inc., v. Colonial Bank.

Court of Appeals of Georgia.

March 29, 2002.


Attorney(s) appearing for the Case

Gray & Gilliland, Charles A. Ratz, Atlanta, for appellant.

Nations, Toman & Nutter, David C. Nutter, Craig M. Frankel, Atlanta, for appellees.


PHIPPS, Judge.

Boulder Bankcard Processing, Inc. (BBP) sued Colonial Bank (Colonial) for breach of an indemnity agreement. Colonial denied liability and filed a third-party complaint against American Security Bank (ASB), contending that if it was liable to BBP, ASB was liable to it under an asset purchase agreement between it and ASB. ASB denied liability, asserting that the asset purchase agreement did not include an assumption...

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