Parker vs. Cook No. A01A0511 (248 Ga. App. 621)
Mar 14, 2001OUTCOME: Cook prevailed in Motion for Summary Judgment and in the appeal from the grant of the Motion for Summary Judgment.
E.E. Parker appeals the trial court's grant of summary judgment to Ruby Cook on a promissory note, arguing that the underlying principal was a gift, not a loan. Because the trial court did not err in c ... oncluding that the note was unambiguous and not susceptible to interpretation through parol evidence, we affirm the grant of summary judgment. Cook gave Parker two checks, one for 35,000 on March 13, 1990, and another for 45,000 on April 4, 1990. On April 11, 1990, Parker signed a promissory note, agreeing to pay interest from March 16, 1990, at nine percent interest per year, with the sum of 86,000 principal and interest due January 16, 1991. On January 26, 1999, Cook's attorney made a demand to Parker for the principal and interest to [248 Ga. App. 622] date, noting that attorney fees would be due unless the total was paid within ten days. Parker did not pay, Cook filed suit and moved for summary judgment, and the trial court granted judgment to Cook for 80,000 principal, 75,070.75 interest, 23,260.63 attorney fees, and post-judgment interest pursuant to OCGA § 7-4-12.
