Imerman v. London

Phipps, Judge.

The payees of a promissory note brought suit against the guarantor of the note. In an agreement referred to as a “global settlement agreement,” the parties settled the suit and others. The question for decision is whether the global settlement agreement is entire or sev-erable. The superior court concluded that it is severable. We disagree and reverse.

A Georgia limited partnership made a promissory note payable to Bob London and others (London) in the principal sum of $469,982. Jonathan Imerman guaranteed payment of the note but ignored a demand by London to begin making…