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McGLAUN v. SOUTHWEST GA. &c. CREDIT ASSN.

43887, 43888.

256 Ga. 648 (1987)

352 S.E.2d 558

McGLAUN et al. v. SOUTHWEST GEORGIA PRODUCTION CREDIT ASSOCIATION. McGLAUN v. SOUTHWEST GEORGIA PRODUCTION CREDIT ASSOCIATION.

Supreme Court of Georgia.

Reconsideration Denied February 12, 1987.

Attorney(s) appearing for the Case

Butler & McDonald, James E. Butler, Jr., for appellants (case no. 43887).

Fennessy, Skipper, Nettum & Sheffield, James E. Skipper, for appellant (case no. 43888).

Smith, Jones & Jones, William E. Smith, for appellee.

GREGORY, Justice.

Larry McGlaun, Nola McGlaun and the estate of Stewart McGlaun are owners of a tract of farmland in Webster County which they operate as McGlaun Farms, Inc. (McGlaun Farms). On January 10, 1978, McGlaun Farms borrowed $188,000 from appellee Southwest Georgia Production Credit Association (PCA) for operating expenses, and executed a promissory note to the PCA in that amount. On that same date Stewart McGlaun,1 Larry McGlaun...

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