Federal Land Bank of Columbia v. Lieben

ORR, Judge.

Plaintiff Federal Land Bank of Columbia, instituted suit on 20 August 1985 against defendant Lieben to recover upon a contract of guaranty signed by Lieben on behalf of Goodson Farms, Inc., J. Michael Goodson and Greylin R. Goodson.

At trial, the judge sitting without a jury, found plaintiffs actions had released Lieben from all liability as guarantor under the note. The judge dismissed plaintiffs action on the guaranty contract with prejudice.

From the judgment, plaintiff appeals.

I

The determinative issue on appeal is whether defendant Lieben was protected by N.C.G.S. § 26-7(a) which…