Simpson v. Wages
This text of 167 S.E.2d 213 (Simpson v. Wages) is published on Counsel Stack Legal Research, covering Court of Appeals of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Code Ann. § 109A-3 — 118 (e) (Ga. L. 1962, pp. 156, 245) provides: “Unless the instrument otherwise specifies two or more persons who sign as maker, acceptor or drawer or indorser and as a part of the same transaction are jointly and severally liable even though the instrument contains such words as T promise to pay.’ ” Where as in the case sub judice there is a negotiable instrument containing the words “we promise to pay” and signed by three parties, absent any specific provision to the contrary, the three co-makers are jointly and severally liable under the provisions of this Code section. Ghitter v. Edge, 118 Ga. App. 750 (2) (165 SE2d 598). See Official Comment, 2 U. L. A. — U. C. C., § 3-118 (e), p. 54; 4 Encyc. of Ga. Law, Commercial Code § 146, pp. 251, 252. Hence, an action against two of the three co-makers on the note was sustainable even though the other co-maker was dismissed as a party defendant. The trial judge erred in directing a verdict for the two defendants and overruling the plaintiff’s motion for a new trial.
Judgment reversed.
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Cite This Page — Counsel Stack
167 S.E.2d 213, 119 Ga. App. 324, 6 U.C.C. Rep. Serv. (West) 518, 1969 Ga. App. LEXIS 1086, Counsel Stack Legal Research, https://law.counselstack.com/opinion/simpson-v-wages-gactapp-1969.