Thurmond v. Georgia Railroad Bank & Trust Co.

Banke, Judge.

Cornelius Thurmond began this action by filing a complaint for declaratory judgment against Augusta Finance Company, several co-guarantors, and Georgia Railroad Bank and Trust Company, to contest his liability as a guarantor on a debt owed by Augusta Finance Company to the bank. The bank filed a counterclaim against Thurmond and cross claims against Taylor, a co-guarantor, and against the debtor, Augusta Finance Company, to recover the guaranteed debt. The trial court dismissed the declaratory judgment complaint, and granted summary judgment to the bank on the cross claims…