RONEY, Circuit Judge:
The district court granted summary judgment for defendant Motorola Communications and Electronics, Inc. on both breach of contract and conversion counts of McGraw Edison Credit Corporation's complaint. Relying on McMullan v. Community Acceptance Corp., 78 Ga.App. 616, 51 S.E.2d 575 (1949), the court held that under Georgia law, the repurchase agreements sued upon were guaranty contracts, on which liability is defeated if the holder has...
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