PINE TIMBER COMPANY, INC. v. Anthony

Deen, Presiding Judge.

In May 1987 appellee Anthony executed a guaranty on a note on which Fall Line Forest Products, Inc., was the principal and appellant Pine Timber Company, Inc., was payee. On November 16, 1987, Anthony received from appellant’s attorney a notice of acceleration and demand for payment. On November 19, pursuant to OCGA § 10-7-24, Anthony sent to appellant and its attorney a letter advising appellant to “proceed to collect the debt from the principal.”

In June of 1988 appellant, without having brought an action against the principal, filed a complaint against appellee in the…