Citizens & Southern National Bank v. Williams

McMurray, Judge.

This case involves a suit for deficiency judgment on a promissory note after default and sale of the corporate defendant’s stock of sporting goods, the proceeds of which were applied toward satisfaction of the indebtedness.

The Citizens & Southern National Bank sued Willie A. Williams and Solomon E. Brannan, Inc ., the maker of the note, and Solomon E. Brannan and Waymon Sims, Jr. as surety-guarantors, for liability which was limited under their respective separate agreements to $45,000 each of the defendant corporation’s indebtedness.

Defendant Sims answered, admitting…