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VAUGHN v. NATIONAL BANK & TRUST COMPANY OF COLUMBUS

53761.

141 Ga. App. 897 (1977)

234 S.E.2d 718

VAUGHN et al. v. NATIONAL BANK & TRUST COMPANY OF COLUMBUS.

Court of Appeals of Georgia.

Decided April 12, 1977.

Attorney(s) appearing for the Case

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

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

WEBB, Judge.

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....

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