Citizens & Southern National Bank v. Richardson

Banke, Presiding Judge.

On December 6, 1985, the appellant bank extended a 90-day loan to one James Culver in the amount of $8,033.81, evidenced by his promissory note. The note contained a guaranty of payment to the extent of $8,000, signed by the appellee, Bernard Richardson. The note was renewed five times on terms which were identical to those of the original note except for changes in the interest rate, the cost of credit life insurance, and, of course, the ultimate due date. The maker, Culver, executed a separate note to the appellant bank on April 29, 1987, evidencing an entirely…