Colonial Oil Industries, Inc. v. Lynchar, Inc. D/b/a T & W Oil Company

Summary

The Supreme Court of Georgia reversed the Court of Appeals, holding that a guaranty identifying the principal debtor solely by its trade name satisfies the Statute of Frauds and is enforceable. The Court overruled the appellate decision in PlayNation and affirmed that parol evidence may be used to resolve any ambiguity. The decision clarifies that trade‑name identification does not render a suretyship contract void.