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CHATTAHOOCHEE HOLDINGS v. MARSHALL

55765.

146 Ga. App. 658 (1978)

247 S.E.2d 167

CHATTAHOOCHEE HOLDINGS, INC. v. MARSHALL.

Court of Appeals of Georgia.

Decided June 23, 1978.

Rehearing Denied July 13, 1978.

Attorney(s) appearing for the Case

Smith, Cohen, Ringel, Kohler & Martin, John A. Howard, William D. Barwick, for appellant.

Neely, Neely & Player, William F. Welch, for appellee.

McMURRAY, Judge.

In March of 1972, The Athlon Corporation executed a promissory note in the amount of $33,000 to the People's American Bank. This note was individually endorsed by Chattahoochee Holdings, Inc., Lee W. Marshall and J. Donally Smith. Chattahoochee Holdings, Inc. put up as security for the loan a $35,000 certificate of deposit. On or about April 27, 1972, the three endorsers executed a letter agreement whereby each agreed to reimburse the other endorsers...

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