Okefenokee Aircraft, Inc. v. PrimeSouth Bank

676 S.E.2d 394 (2009)

From our private database of 46,300+ case briefs, written and edited by humans—never with AI.

Okefenokee Aircraft, Inc. v. PrimeSouth Bank

Court of Appeals of Georgia
676 S.E.2d 394 (2009)

JL

Facts

PrimeSouth Bank (the Bank) (plaintiff) loaned Okefenokee Aircraft, Inc. (OAI) (defendant) funds to purchase an airplane. OAI and Joseph Rimes III entered into a promissory note with the Bank, which was secured by the airplane. Rimes personally guaranteed the note. OAI and Rimes defaulted on the note, and the Bank repossessed the airplane. The Bank did not sell the collateral. The Bank sued, seeking a money judgment for the amount due under the promissory note. The Bank moved for summary judgment. OAI did not dispute defaulting on the note, but OAI argued that the Bank could not pursue a money judgment prior to selling the collateral it had repossessed. The trial court granted summary judgment to the Bank. OAI appealed to the Court of Appeals of Georgia.

Rule of Law

Issue

Holding and Reasoning (Bernes, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 805,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials
  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 805,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 46,300 briefs, keyed to 988 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 805,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 46,300 briefs - keyed to 988 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership