Case Name: VAUGHN et al. v. NATIONAL BANK & TRUST COMPANY OF COLUMBUS
Court: Court of Appeals of Georgia
Jurisdiction: Georgia
Decision Date: 1977-04-12
Citations: 141 Ga. App. 897
Docket Number: 53761
Parties: VAUGHN et al. v. NATIONAL BANK & TRUST COMPANY OF COLUMBUS.
Judges: Deen, P. J., and Marshall, J., concur.
Reporter: Georgia Appeals Reports
Volume: 141
Pages: 897–898

Head Matter:
53761.
VAUGHN et al. v. NATIONAL BANK & TRUST COMPANY OF COLUMBUS.

Opinion:
Webb, Judge.
Defendant guarantors, having consented in advance in a clause of the guaranty agreement that the creditor could surrender or release the reserve account held as security for payment of the debts guaranteed, cannot now successfully contend that they were discharged by the act of the creditor in applying it to the obligations guaranteed. Dunlap v. C & S DeKalb Bank, 134 Ga. App. 893, 896 (216 SE2d 651) (1975) and cits.
Submitted April 7, 1977
Decided April 12, 1977.
Smith & Jones, Henry O. Jones, III, Owens, Littlejohn, Gower & Pugh, Charles A. Gower, for appellants.
Hatcher, Stubbs, Land, Hollis & Rothschild, J. Barrington Vaught, E. B. Bradly, for appellee.
Judgment affirmed.
Deen, P. J., and Marshall, J., concur.