Legal Opinion
Fidelity National Bank v. Reid
Court of Appeals of Georgia
Decided September 12, 1986No. 72733PublishedCited by 10 opinions
1Opinion of the Court
Birdsong, Presiding Judge.
This is an appeal from summary judgment in favor of the defendant, relieving him of liability on a guaranty executed ancillary to a note made by a defaulting third party.
Fidelity National Bank, the appellant, made a $29,000 loan to A-1 Trucking and Rigging Company. In order to hasten the loan process, the appellee, Robert Reid, agreed to guarantee the note since the principal amount was to be used by A-l to pay off insurance premiums on policies issued by Reid’s insurance company.
A-l sought additional loans from Fidelity after the $29,000 loan was repaid. Prior to…
2Cases cited5 opinions
- Village Enterprises, Inc. v. Georgia Railroad Bank & Trust Co.Court of Appeals of Georgia · 1968
- Henderson Mill Ltd. v. McConnellSupreme Court of Georgia · 1976
- Charter Investment & Development Co. v. Urban Medical Services, Inc.Court of Appeals of Georgia · 1975
- Holloway v. GiddensSupreme Court of Georgia · 1977
- Bradfield v. GardnerCourt of Appeals of Georgia · 1979
3Cited by10 opinions
- Lothridge v. First Nat. Bank of GainesvilleCourt of Appeals of Georgia · 1995
- Peterson v. First Clayton Bank & Trust Co.Court of Appeals of Georgia · 1994
- PANASONIC INDUSTRIAL COMPANY v. HallCourt of Appeals of Georgia · 1990
- Cusimano v. First Maryland Savings & Loan, Inc.District of Columbia Court of Appeals · 1994
- Hill Roofing Co. v. Lowe's Home Centers, Inc.Court of Appeals of Georgia · 2004
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