Erbelding v. Noland Co.

MacIntyre, P. J..

Code § 103-101 provides: “The contract of suretyship is one whereby a person obligates himself to pay the debt of another in consideration of credit or indulgence, or other benefit given to his principal, the principal remaining bound therefor. It differs from a guaranty in this, that the consideration of the latter is a benefit flowing to the guarantor.” This is but one of the distinctions between suretyship and *466guarantyship. Manry v. Waxelbaum, 108 Ga. 14 (33 S. E. 701). There are others. In Etheridge v. Rawleigh Co., 29 Ga. App. 698, 702 (116 S. E. 903), it was said: “A…