Lyon v. Robertson
Lyon v. Robertson
Opinion of the Court
Action on a promissory note of date August 1, 1893, by the terms whereof the appellant Aurelia Robertson, then bearing the name of Orilla Chynoweth, and two others—one of whom was W. P. Lyon, Jr.—jointly and severally promised to pay to plaintiff the sum of $3,699.50. Mrs. Robertson and her present husband, who is joined with her pro forma, defend on the ground that she executed the note without consideration. Plaintiff had judgment.
At the trial there was evidence tending to show that Aurelia, or Orilla, as she was formerly called, was the wife of one Louis Chynoweth, who died May 10, 1893. Louis Chynoweth, at the time of his death, and said W. P. Lyon, Jr., were jointly indebted to the plaintiff on three certain promissory notes, by them executed, for the aggregate principal sum of $3,500, bearing interest. Said Louis and certain other persons together owned a farm and carried on the business thereof. Mrs. Robertson testified: “After his death, the partners of Louis in the business spoke of it, and treated me as if I had succeeded to his interest in the premises, and was liable for his debts as his successor, so that I believed I was liable for his debts.” She executed the note in suit, and plaintiff accepted the same, upon the mutual understanding that it was “to take the place” of the said prior notes to which said deceased had been a party, and plaintiff thereupon surrendered the old notes to said W. P. Lyon, Jr., who canceled them, The court below held that the new note was supported by sufficient consideration,' and we are of the same opinion. Prejudice suffered by the promisee, as well as the benefit conferred on the promisor, may be the consideration for a contract: Civ. Code, see. 1605. There is no doubt that the
We concur: Chipman, C.; Cooper, C.
For the reasons given in the foregoing opinion the judgment and order denying a new trial are affirmed.
Reference
- Full Case Name
- LYON v. ROBERTSON
- Cited By
- 1 case
- Status
- Published
- Syllabus
- Promissory Note—Renewal—Consideration.—The Surrender of. valid notes to one of the joint makers for cancellation is a good consideration for a new note given by him and the widow of the other maker in renewal thereof. Promissory Note—Renewal.—A Widow is Liable on her note given in renewal of prior notes to which her deceased husband was a party, though she gave it under misapprehension as to her liability for his debts, not induced by any misrepresentation by the payee.