Court of Appeals of Georgia June 28, 2001, A01A0502 (Georgialina Enterprises, Inc. v. Frakes)

Pope, Presiding Judge.

Lawrence and Patricia Frakes bought a car wash from Georgialina Enterprises, Inc. and partially financed the purchase by borrowing $100,000 from the sellers, evidenced by a purchase money promissory note and a deed to secure debt on the property. Six months later, Sunset Landings, Inc., a corporation formed by Mr.