Legal Opinion
Browning v. NATIONAL BANK OF GA
Court of Appeals of Georgia
Decided September 20, 1977No. 54367, 54368PublishedCited by 5 opinions
1Opinion of the Court
Webb, Judge.
Donald G. Browning, an officer and stockholder of Concept III, Inc., endorsed that corporation’s 90-day promissory note, and several renewal notes, payable to the National Bank of Georgia for a total of $17,000. Subsequently on November 1, 1972 he executed to NBG his personal guaranty of Concept Ill’s indebtedness to the extent of $17,000. Apparently a disagreement arose between the stockholders of Concept III, and all of them except Browning formed a new corporation known as Concept Trading, Inc. The assets of Concept III were transferred to the new corporation. When the note for…
2Cases cited8 opinions
- Marietta Yamaha, Inc. v. ThomasSupreme Court of Georgia · 1976
- Dunlap v. Citizens & Southern DeKalb BankCourt of Appeals of Georgia · 1975
- Reeves v. HunnicuttCourt of Appeals of Georgia · 1969
- Twisdale v. Georgia Railroad Bank & Trust Co.Court of Appeals of Georgia · 1973
- Citizens & Southern National Bank v. ScheiderCourt of Appeals of Georgia · 1976
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3Cited by5 opinions
- Milliken and Co. v. Eagle Packaging Co.Supreme Court of Minnesota · 1980
- Cosby v. A. M. Smyre Manufacturing Co.Court of Appeals of Georgia · 1981
- Rambo v. COBB BANK & TRUST COMPANYCourt of Appeals of Georgia · 1978
- First National Bank & Trust Co. of Dickinson v. Meyer Enterprises, Inc.North Dakota Supreme Court · 1988
- Walker v. Fendrich Industries, Inc.Court of Appeals of Georgia · 1979