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ERBELDING v. NOLAND CO. INC.

33313.

83 Ga. App. 464 (1951)

64 S.E.2d 218

ERBELDING v. NOLAND COMPANY INC.

Court of Appeals of Georgia.

Decided March 13, 1951.

Attorney(s) appearing for the Case

Henry J. Heffernan, for plaintiff in error.

Fulcher & Fulcher, contra.

MacINTYRE, P. J.

1. Code § 103-101 provides: "The contract of suretyship is one whereby a person obligates himself to pay the debt of another in consideration of credit or indulgence, or other benefit given to his principal, the principal remaining bound therefor. It differs from a guaranty in this, that the consideration of the latter is a benefit flowing to the guarantor." This is but one of the distinctions between suretyship and

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