Ohio Supreme Court March 28, 1979, No. 78-571 (Provident Bank v. Gast)

Celebkezze, C. J.

The fundamental issue raised in this appeal requires a statutory analysis of R. C. 1303.72(A) (1) (Uniform Commercial Code Section 3—606[1] [a]), and can be phrased as follows: When a holder of a note releases two of four co-guarantors from their guaranty, does that release totally discharge the remainiixg guarantors or does it discharge them only to the extent of their right to