Court Opinion

ID: 9567298
Source: CourtListenerOpinion
Date Created: 2023-08-21 19:51:56.180752+00
Date Added: 2024-06-11T10:00:31.549695
License: Public Domain

Eberhardt, Presiding Judge,
concurring. If the "indemnity agreement” here had been in the general form of a guaranty I would without hesitancy join the dissent of Judge Stolz. However, as Judge Pannell points out, it is not in the general form of a guaranty, but is specifically in the form of an endorsement, and for that reason I must conclude that whether the claim is to rest upon the physical endorsement of the notes or upon the agreement of endorsement, the result is the same. In either event appellees are debtors within the meaning of the statute as found in Code Ann. § 67-1505.
No matter what the parties may designate an agreement or what they may call it, it must be construed according to its terms. They are free in making the contract to so word an agreement of "indemnity” or of "guaranty” as to give it the effect of an endorsement, and that is what occurred here.