Savannah Bank & Trust Co. v. Sumner

McMurray, Presiding Judge.

In May of 1977 appellee Sumner, the president and sole stockholder of appellee Savannah/Sumner Company (Savannah/Sumner), an advertising and marketing company, entered into a written contract with Walton K. Nussbaum, the president and chief executive officer of appellant Savannah Bank & Trust Company (the bank), to perform advertising and promotional functions for the bank. The initial contract provided compensation to Savannah/Sumner in the amount of $2,000 a month, which was raised to $2,500 in 1979. In August of 1980 Sumner approached Thomas P. Rideout, the new…