PISANO v. SECURITY MANAGEMENT CO.

56709.

148 Ga. App. 567 (1978)

251 S.E.2d 798

PISANO et al. v. SECURITY MANAGEMENT COMPANY, INC. et al.

Court of Appeals of Georgia.

Decided November 14, 1978.

Rehearing Denied December 20, 1978.


Attorney(s) appearing for the Case

Spearman, Thrasher, Whitely & Costanzo, Daniel I. MacIntyre, James G. Jackson, Herbert S. Waldman, Robert S. Hipple, for appellants.

Cotton, Katz, White & Palmer, J. Timothy White, J. Michael Lamberth, for appellees.


BIRDSONG, Judge.

Michael and Carol Pisano appeal the grant of summary judgment to Davis and Security Management Co. ("Management") of which Davis is the principal stockholder and director.

The determinative issue involves the meaning and effect of a guaranty signed by Davis binding himself individually and Management corporately to pay dividends. The material facts show that Davis was the sole owner of Management, a property management concern. In 1972, Davis...

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