Peck v. Beckwith
Peck v. Beckwith
Opinion of the Court
The payee of the note in this ease, obtained from the-makers before its maturity, the sum of ten dollars, in consideration of an agreement on his part, that the time for its payment should bo extended till the fall of the following year. Now, if it
Here, then, is an oral agreement, made upon a new and valuable consideration, by which the terms of a prior written contract, be 'l.ween the same parties, are varied, before broach. The parties were as competent to make the latter contract as the former. And that the second was by parol, makes no difference. McComb v. Kitridge, 14 Ohio, 348; Thurston v. Hays, 6 Ohio, St. 1; 6 Exch. 854 (Am. ed. note); 3 Met. 486, and the numerous authorities there cited. In McComb v. Kitridge the same doctrine is applied, even in the case of a note-past due.
"VYe hold, therefore, that the answer, in the court below, would have been good, as a temporary bar, against the action of the payee; and was equally available against the assignee, for the twofold reason that he acquired it after maturity, and with notice.
The judgment of the court of common pleas is reversed, and the petition of the plaintiff below dismissed without prejudice.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.