Cobb Bank & Trust Company v. American Manufacturers Mutual Insurance Company, and Third-Partyplaintiff-Appellee, Omnibus Group, Inc., Third-Party

American Manufacturer’s Mutual Insurance Company, as surety, issued a guarantee bond for a note from Omnibus Group, Inc. to Getty-Grafton and/or assigns. Getty-Grafton failed to fund the note and assigned the bond to Cobb Bank and Trust, who used it to guarantee a new note from Omnibus to Cobb. Cobb sued the surety on the guarantee when Omnibus failed to repay the loan, and the surety denied liability. The Court below found the Cobb note was not guaranteed by the Getty-Grafton bond and on this basis found the surety not liable on the Cobb note. Cobb Bank and Trust Company appeals, and we…