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Brown v. Georgia State Bank

Brown v. Ga. State Bank, 234 S.E.2d 151 (Ga. Ct. App. 1977)
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Court
Court of Appeals of Georgia · State Appellate Courts
Decided
March 11, 1977
Docket
No. 53507
Judges
Deen, Webb, Marshall
Citations
234 S.E.2d 151141 Ga. App. 5701977 Ga. App. LEXIS 1997
Cited by 8

Opinion — Deen

Deen, Presiding Judge.

The appellant concedes that the question on this appeal is whether a secured purchase-money creditor must first foreclose on the secured property and then seek a deficiency or whether he can seek a general judgment on the debt without foreclosing on the security. The appellant argues that the appellee as a secured purchase-money creditor is limited to the procedures of Code Ann. § 67-1503 et seq. and may not elect to proceed under Code § 67-1501. This argument was rejected in Gentry v. Hibbler-Barnes Co., 113 Ga. App. 1,2 ( 147 SE2d 31 ). "A creditor who holds a promissory note secured by a deed is not put to an election of remedies as to whether he shall sue upon the note or exercise a power of sale contained in the deed, but he may do either, or 'pursue both remedies concurrently until the debt is satisfied.’ ”

Oliver v. Slack, 192 Ga. 7, 8 ( 14 SE2d 593 ) and cits. There is no merit in the enumerations of error.

Judgment affirmed.

Webb and Marshall, JJ., concur.

How later courts describe this case

No later court has written an explanatory parenthetical about this case yet.

Cited by 8 cases

View all citing references →
1979: 21981: 11984: 21989: 11992: 11995: 119792026peak 1979 · 2

Relies on it most ⓘ

  1. Federal Deposit Insurance Corporation v. Larry P642 F.2d 837 (5th Cir. 1981)
  2. Homes of Tomorrow, Inc. v. Federal Deposit Insurance254 S.E.2d 475 (Ga. Ct. App. 1979)
  3. Ewald v. Security Pacific Credit Corp.379 S.E.2d 569 (Ga. Ct. App. 1989)
  4. Grace v. Golden425 S.E.2d 363 (Ga. Ct. App. 1992)
  5. Farm Credit Bank v. Gayle (In re Gayle)189 B.R. 914 (Bankr. S.D. Tex. 1995)
  6. Harper v. Birmingham Trust National Bank320 S.E.2d 622 (Ga. Ct. App. 1984)

Most recent

  1. Farm Credit Bank v. Gayle (In re Gayle)189 B.R. 914 (Bankr. S.D. Tex. 1995)
  2. Grace v. Golden425 S.E.2d 363 (Ga. Ct. App. 1992)
  3. Ewald v. Security Pacific Credit Corp.379 S.E.2d 569 (Ga. Ct. App. 1989)
  4. Harper v. Birmingham Trust National Bank320 S.E.2d 622 (Ga. Ct. App. 1984)
  5. Lincoln Financial Corp. v. Gray (In re Gray)37 B.R. 532 (Bankr. N.D. Ga. 1984)
  6. Federal Deposit Insurance Corporation v. Larry P642 F.2d 837 (5th Cir. 1981)

Citing references are not a citator: they show that a later opinion cites this case, not whether it followed, distinguished, or overruled it. Check negative history before relying on this case.

Authorities cited 2

DepthCaseCited by
Oliver v. Slack, 14 S.E.2d 593 (Ga. 1941) 34
Gentry v. Hibbler-Barnes Co., 147 S.E.2d 31 (Ga. Ct. App. 1966) 13

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