Central Bank & Trust Co. v. Price

Webb, Judge.

1. This is an action against the guarantor of a promissory note. Pursuant to Code § 103-205, the guarantor had notified the creditor in writing to proceed to collect the debt from the principals, setting forth their county of residence. The creditor failed to commence an *303action against them within three months after the notification, resulting in the discharge of the guarantor. Code § 103-205. Accordingly the lower court did not err in granting his motion for summary judgment.

Argued October 6, 1975 Decided October 23, 1975. Ragsdale & Estes, Andrew W. Estes, for appellant.…