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SADLER v. KAY

44805.

120 Ga. App. 758 (1969)

172 S.E.2d 202

SADLER v. KAY.

Court of Appeals of Georgia.

Decided December 2, 1969.

Attorney(s) appearing for the Case

Woodruff, Savell, Lane & Williams, John M. Williams, Ronald L. Davis, for appellant.

Theo D. Fenster, for appellee.

PANNELL, Judge.

Section 109A-3 — 416 of the Georgia Uniform Commercial Code (Ga. L. 1962, pp. 156, 263) provides: "Contract of Guarantor. (1) `Payment guaranteed' or equivalent words added to a signature mean that the signer engages that if the instrument is not paid when due he will pay it according to its tenor without resort by the holder to any other party. (2) `Collection guaranteed' or equivalent words added to a signature mean that the signer engages...

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