Court Opinion

ID: 5632354
Source: CourtListenerOpinion
Date Created: 2022-01-11 05:28:34.309854+00
Date Added: 2024-06-11T08:37:50.821941
License: Public Domain

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.