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ROD'S AUTO FINANCE v. THE FINANCE CO.

A93A2089.

211 Ga. App. 63 (1993)

438 S.E.2d 175

ROD'S AUTO FINANCE, INC. et al. v. THE FINANCE COMPANY.

Court of Appeals of Georgia.

Decided November 19, 1993.

Attorney(s) appearing for the Case

Milton N. Bronson, Paul T. Wright, for appellants.

Pursley, Howell, Lowery & Meeks, John R. Lowery, Bryan A. Vroon, for appellee.

JOHNSON, Judge.

The Finance Company (TFC), pursuant to identical written contracts, purchased accounts receivable from Rod's Auto Finance, Inc. and Universal Quality Motors, Inc., two used car dealerships. Relying on a provision in the contracts, TFC demanded that Rod's and Universal repurchase several accounts after the debtors defaulted on their loans. Rod's and Universal repurchased all but ten of the delinquent accounts. Rod's and Universal then filed a declaratory...

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