FIDELITY NATIONAL BANK v. REID

72733.

180 Ga. App. 428 (1986)

348 S.E.2d 913

FIDELITY NATIONAL BANK v. REID.

Court of Appeals of Georgia.

Rehearing Denied September 29, 1986.


Attorney(s) appearing for the Case

James J. Brissette, for appellant.

Herbert D. Shellhouse, for appellee.


BIRDSONG, Presiding Judge.

This is an appeal from summary judgment in favor of the defendant, relieving him of liability on a guaranty executed ancillary to a note made by a defaulting third party.

Fidelity National Bank, the appellant, made a $29,000 loan to A-1 Trucking and Rigging Company. In order to hasten the loan process, the appellee, Robert Reid, agreed to guarantee the note since the principal amount was to be used by A-1 to pay off insurance premiums...

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