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PEOPLES BANK OF LAGRANGE v. GA. BANK &c. CO.

46993.

126 Ga. App. 768 (1972)

191 S.E.2d 876

PEOPLES BANK OF LAGRANGE v. GEORGIA BANK & TRUST COMPANY.

Court of Appeals of Georgia.

Decided June 30, 1972.

Rehearing Denied July 24, 1972.

Attorney(s) appearing for the Case

Richter & Birdsong, A. W. Birdsong, Jr., for appellant.

Sims & Lewis, James R. Lewis, Martin, Snow, Grant & Napier, Cubbedge Snow, for appellee.

QUILLIAN, Judge.

1. The appellee contends that the election by Peoples Bank to assert its claim against the United States Fidelity & Guaranty Company (hereinafter referred to as the bonding company) and its execution of a release to the bonding company bars its claim against Georgia Bank. This contention is based on the rules of law that a party can have but one satisfaction for injuries and that once a party elects...

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