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CENTRAL BANK & TRUST COMPANY v. PRICE

51253.

136 Ga. App. 302 (1975)

221 S.E.2d 71

CENTRAL BANK & TRUST COMPANY v. PRICE.

Court of Appeals of Georgia.

Decided October 23, 1975.

Attorney(s) appearing for the Case

Ragsdale & Estes, Andrew W. Estes, for appellant.

Gershon, Rudin, Pindar & Olim, Max Olim, for appellee.

WEBB, Judge.

1. This is an action against the guarantor of a promissory note. Pursuant to Code § 103-205, the guarantor had notified the creditor in writing to proceed to collect the debt from the principals, setting forth their county of residence. The creditor failed to commence an action against them within three months after the notification, resulting in the discharge of the guarantor. Code § 103-205. Accordingly...

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