Gilbert signed a guaranty for the benefit of his son with Cobb Exchange Bank. The guaranty included

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Gilbert signed a guaranty for the benefit of his son with Cobb Exchange Bank.

The guaranty included all extensions and renewals of the son’s obligation.

Subsequently, a renewal of the note added an additional $600 to the original obligation. On the son’s default, Cobb Bank brought suit on the guaranty. Who should win? Why? [Gilbert v Cobb Exchange Bank, 231 SE2d 508 (Ga App)]

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Anderson's Business Law And The Legal Environment

ISBN: 9780324638189

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Authors: David P Twomey, Marianne M Jennings, Ivan Fox

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Question Posted: Jul 19, 2024 04:02 PM

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Gilbert signed a guaranty for the benefit of his son with Cobb Exchange Bank. The guaranty included

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Anderson's Business Law And The Legal Environment

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