Legal Opinion

Burnett v. Gainesville National Bank

Court of Appeals of Georgia

Decided February 28, 1922No. 12168Published

Money rule; from Hall superior court — Judge J. B. Jones. December 18, 1920.

1Opinion of the CourtStephens, J.

1. On November 23, 1909, T. N. McIntyre executed a note for a loan to the Gainesville National Bank, with J. R. Whaley as surety, and at the same time, in compliance with a condition exacted by the bank before accepting Whaley as surety, executed to Whaley a security deed conveying certain real estate and providing as follows: “ This deed is made for the purpose of securing and indemnifying said J. R. Whaley from loss as security on note this day made for said T. N. McIntyre to the Gainesville National Bank for the sum of $1,680, to become due November 1, 1910, with interest from maturity at…

2Cases cited1 opinion

  1. Importers & Traders Bank v. McGhees & Co.Supreme Court of Georgia · 1892

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