Legal Opinion

Cohen v. COMMUNITY BANK OF SOUTH

Court of Appeals of Georgia

Decided October 15, 2009No. A09A1163Published

1Opinion of the Court

Phipps, Judge.

Jacob Cohen and Eyal Livnat appeal the grant of summary judgment to Community Bank of the South, which sued Cohen and Livnat to recover the unpaid balance on a promissory note. For the following reasons, we affirm.

Cohen and Livnat, among others, were individual guarantors on the note, who promised payment of the note’s balance upon its maturity, and who assumed liability for the borrower’s obligations under the note. Upon the borrower’s failure to make timely monthly payments under the note, and the guarantors’ failure to pay the balance of the note upon its maturity, the Bank…

2Cases cited5 opinions

  1. Verner v. McLartySupreme Court of Georgia · 1957
  2. Bostwick Banking Co. v. ArnoldSupreme Court of Georgia · 1970
  3. Northwest Carpets, Inc. v. First Nat. Bank of ChatsworthSupreme Court of Georgia · 2006
  4. Ward v. WatkinsSupreme Court of Georgia · 1964
  5. SHIVA MANAGEMENT, LLC v. WalkerSupreme Court of Georgia · 2008

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