Case ID: ga-app_116/html/0308-01.html
Source: Caselaw Access Project
Author: {"author": "Felton, Chief Judge.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

43002.
    CONSOLIDATED LOAN & FINANCE COMPANY OF ATLANTA, INC. v. HOWELL.
    Submitted September 5, 1967
    Decided September 13, 1967.
    
      Haas, Dunaway, Shelfer & Haas, Scott A. Ray, for appellant.
    
      Murphy, McFarland & Turoff, Martin McFarland, for appellee.
   Felton, Chief Judge.

The provisions of the conditional sale contract, (not a negotiable instrument in this case, and which was assigned to the plaintiff with notice of the assignment to the defendant debtor) that in default of any installment payment the seller “may” declare the unpaid balance immediately due and “may” retake the property and sell it at public or private sale and that such rights are cumulative of any other right seller has at law or in equity do not preclude the assignee of the contract from suing thereon and obtaining a general judgment for the balance due thereon. The Civil Court of Fulton County ruled that the failure of the assignee to retake the prpperty precluded the action on the contract. The provision for retaking the property was permissive only and did not preclude the bringing of an action to recover the balance due on the contract. The superior court erred in denying the petition for certiorari.

Judgment reversed.

Hall and Eberhardt, JJ., concur.