Court of Appeals of Georgia November 30, 1992, A92A1657 (Ashburn Bank v. Farr)

Andrews, Judge.

In September 1989, Ashburn Bank loaned Lumpkin approximately $62,000 to buy cattle. The Bank took a note from Lumpkin and perfected a security interest in the cattle. Thereafter, Lumpkin sold the cattle to Farr for cash, and defaulted on the note owed to the Bank.