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FIRST UNION v. BOYKIN

A94A2219.

216 Ga. App. 732 (1995)

FIRST UNION NATIONAL BANK v. BOYKIN et al.

Court of Appeals of Georgia.

Decided March 17, 1995.

Attorney(s) appearing for the Case

Minor, Bell & Neal, Rickie L. Brown, Robert G. McCurry, for appellant.

Avrett, Ponder & Withrock, John T. Avrett, Mitchell & Mitchell, James H. Bisson III, William J. Kimsey, for appellees.

McMURRAY, Presiding Judge.

Superior Yarn Dyeing, Inc. ("Superior Yarn" or "the company") entered into a loan agreement with First Union National Bank ("First Union") in November 1988 with a principal amount of $400,000, plus a $250,000 line of credit. This loan was secured via the company's assets and separate guaranty agreements executed by the president of Superior Yarn, John Boykin, and Michael L. Percy, a major stockholder of the company. The guaranty Boykin executed...

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