v.ughn Et Al. v. National Bank &Amp; Trust Company of Columbus., 141 Ga. App. 897, 234 S.E.2d 718 (1977)

Georgia Court Of Appeals, (April 07, 1977)

Docket number: 53761
SUBMITTED

WEBB, Judge. - SUBMITTED
Permanent Link: http://vlex.com/vid/et-bank-amp-trust-company-columbus-20475980
Id. vLex: VLEX-20475980

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Summary:

Judgment affirmed. Deen, P. J., and Marshall, J., concur.

Text:

Smith & Jones, Henry O. Jones, III, Owens, Littlejohn, Gower & Pugh, Charles A. Gower, for appellants.

Defendant guarantors, having consented in advance in a clause of the guaranty agreement that the creditor could surrender or release the reserve account held as security for payment of the debts guaranteed, cannot now successfully contend that they were discharged by the act of the creditor in applying it to the obligations guaranteed. Dunlap v. C & S DeKalb Bank, 134 Ga. App. 893, 896 (216 SE2d 651) (1975) and cits.

Hatcher, Stubbs, Land, Hollis & Rothschild, J. Barrington Vaught, E. B. Bradly, for appellee.

1977