Ross & Williams v. Southern Exchange Bank

Georgia Court of Appeals
Ross & Williams v. Southern Exchange Bank, 38 Ga. App. 532 (1928)
144 S.E. 338; 1928 Ga. App. LEXIS 332
Bell

Ross & Williams v. Southern Exchange Bank

Opinion of the Court

Bell, J.

1. An agreement between the superintendent of banks and the maker of a promissory note, to the effect that the superintendent will not enforce the stipulation in the note with reference to the payment of attorney’s fees, is not binding where the agreement is entirely executory and is not supported by a valuable consideration and where no element of estoppel enters. Rylee v. Statham, 7 Ga. App. 489 (6) (67 S. E. 383; Southern Mfg. Co. v. Moss Mfg. Co., 13 Ga. App. 847 (3) (81 S. E. 263); Civil Code (1910), §§ 4241, 4326, 4329; 29 Am. & Eng. Ency. L. (2d ed.) 1097. This is not to decide whether the superintendent might effectively waive the collection of such fees under other circumstances.

2. The alleged agreement of the superintendent to waive the payment of such fees, as disclosed in the proffered amendments to the defendants’ answer, appearing to be a nudum pactum, the court did not err in disallowing the amendments.

Judgment affirmed.

Jenlcms, P. J., and Stephens, J., concur. G. G. Groclceti, for plaintiffs in error. Ilightoiver & New, contra.

Reference

Full Case Name
Ross & Williams v. Southern Exchange Bank of Dublin
Cited By
2 cases
Status
Published