TERI-LU, INC. v. GA. R. BANK & TRUST CO.

56473.

147 Ga. App. 860 (1978)

250 S.E.2d 548

TERI-LU, INC. et al. v. GEORGIA RAILROAD BANK & TRUST COMPANY.

Court of Appeals of Georgia.

Decided October 18, 1978.

Rehearing Denied November 2, 1978.


Attorney(s) appearing for the Case

Surrett, Thompson, Bell, Choate & Walker, James D. Walker, Jr., for appellants.

Nixon, Yow, Waller & Caper, O. Palmer Hollis, Roy D. Tritt, for appellee.


DEEN, Presiding Judge.

Defendants, Teri-Lu, Inc., (Teri-Lu), Jack C. Terry and Helen L. Terry, appeal from an order of the trial court granting plaintiff's motion for summary judgment.

On April 10, 1974, the Terrys personally guaranteed a promissory note executed by them as president and secretary of Teri-Lu. The note was executed in favor of Leisure Living Communities, Inc., in the sum of $19,070.76. As security for the indebtedness, Teri-Lu conveyed a security...

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