Hall v. First National Bank
Hall v. First National Bank
Opinion of the Court
This was an action, commenced February 18, 1893, before a justice of the peace, by the First National Bank of Hays City, Kan., against A. S. Hall and John Yunker, on a demand note for $215.40, executed November 5, 1889. No answer was filed by the defendants ; but on the trial in the District Court Hall made defense by claiming that he signed the note as surety for Yunker, and that he was released from liability thereon because the time for payment had been extended by the Bank without his consent. The case was tried by a jury, and a general verdict returned in favor of the plaintiff.
Various matters which we deem unimportant were considered upon the trial, and are discussed at considerable length in the briefs of counsel. While the
We think no reversible error appears in the record The judgment will be affirmed.
Reference
- Full Case Name
- A. S. Hall v. The First National Bank of Hays City, Kan.
- Cited By
- 2 cases
- Status
- Published
- Syllabus
- 1. Surety — definite and binding extension of time to principal, not mere indulgence, necessary to release. Mere indulgence as to payment, given to the principal maker of a note, does not release a surety. To have that effect, there must be a valid agreement extending the time for payment, without' the surety’s consent, and the time of the extension must be definitely fixed. 2.--talcing new demand note with added security, unless inpayment of prior debt, does not release. The mere taking of a new note payable on demand, with additional security, for a debt evidenced by a prior note, also payable on demand, does not release a surety on such prior note, unless it appears to have been the intention of the parties that the second note should be accepted in payment of the first.