Friedland v. Citizens & Southern South DeKalb Bank

Evans, Judge.

Robert A. Friedland executed an instrument of guaranty to Citizens & Southern South DeKalb Bank for value received and in consideration of a personal loan to Timothy C. Taylor by said bank. Taylor had been in the general apartment maintenance business and had made several loans from the bank. At the time of this transaction, he had become an employee of Friedland.

The guaranty instrument was prepared by the bank and sent to Friedland for execution, who had his attorney add a paragraph that the liability of the guarantor was limited to the indebtedness in the maximum sum of $15,000.