Smith, Gambrell & Russell, LLP. The Georgia Supreme Court is achieving the end of their term april.

Smith, Gambrell & Russell, LLP. The Georgia Supreme Court is achieving the end of their term april. The Georgia Supreme Court is attaining the end of their term april. which means situations submitted to your Court through the December Term which have perhaps maybe perhaps not yet been determined is going to be determined in the following couple of weeks. On June 18, the Georgia Supreme Court issued lots of significant choices. Colonial Oil Ind., Inc. v. Lynchar, Inc., Case No. S18G1788. The enforcement is involved by this case of agreements guaranteeing the payment of the financial obligation. The appropriate contract identified the debtor as T&W Oil, Inc. Once the financial obligation wasn’t compensated, Colonial sued the 2 guarantors. The guarantors advertised that the guaranty contract ended up being unenforceable because T&W Oil had not been a appropriate entity. It had been a trade name utilized by Lynchar, Inc. The Georgia Court of Appeals, using certainly one of its previous decisions, ruled the guaranties had been unenforceable since they had identified the major debtor just by its trade name and never by its legal title. The Georgia Supreme Court reversed. The Court ruled that neither the Statute of Frauds nor the guideline needing the strict construction of guaranty agreements prevented the enforcement of this guaranties. Whether distinguishing the debtor as T&W Oil ended up being deemed a misnomer or perhaps the usage of a trade title, the guaranties adequately...

Read More