GFC CORPORATION v. Nesser

COIL, Commissioner.

Plaintiff-respondent recovered a judgment for $12,020 in its áction against defendant-appellant on a guaranty contract. The case was tried by the court without a jury. Defendant contends that the trial court erred in rendering any judgment for plaintiff and, in any event, in the amo'unt of $12,020 because: the principal debtor had paid plaintiff the amount due. under the guaranty contract; plaintiff released security which it had received for the debt and thereby had released the guarantor; and that, in any event, the judgment should have been $5,520 less than it was by,…