43 Ga. App. 686 | Ga. Ct. App. | 1931
1. Where a surety, in order -to secure himself against loss arising out of the contract of suretyship, takes from the principal a bill of sale to personalty, and afterwards lends to the principal a sum of money to be paid on the debt, thus establishing the relationship of
2. In this case, the surety having filed claim of title to the property after it had been levied upon under an execution against the principal, and the evidence on the trial of the issue being sufficient to authorize the inference that the money advanced by the surety to the principal and paid on the suretyship debt was a loan from the surety to the principal, that the suretyship debt had been discharged in full by the principal without loss to the surety, and that the title to the property was not in the surety but in the principal, a verdict for the plaintiff in execution was authorized, and the court erred in directing a verdict for the claimant.
Judgment reversed.