Chatham v. Georgia-Pacific Corp.

Shulman, Presiding Judge.

Appellee sued the principal debtor and appellant-guarantor on a contract of guaranty executed in 1972. The debt giving rise to the liability accrued in 1980. Appellee obtained summary judgment against the principal debtor, from which no appeal was taken. The trial court, sitting without a jury, entered judgment against appellant *526on the guaranty agreement. The parties stipulated that the guaranty was never cancelled by notice from appellant and that all the debt being sued upon accrued in 1980. The sole defense asserted by appellant is based upon the statute of…