Gunter v. True

Judge Arnold Shulman.

On December 16, 1986, the appellee, David True, transferred 50 acres of land and $200,000 in cash to Atlanta Devlin, Inc., in return for that corporation’s promissory note in the amount of $450,000. Contemporaneously with the execution of this note, the appellants, Michael Gunter, Edwin A. Scott, Jr., and Theodore C. Whitson, 1 each signed a document entitled, “Guarranty,” (sic) specifying as follows: “In consideration of one dollar and other valuable consideration, we . . . jointly and severally guarantee the full and faithful performance of all obligations required by…