Homewood People's Bank v. Heckert
Homewood People's Bank v. Heckert
Opinion of the Court
The note sued on was an absolute unrestricted promise to pay $3,700 to the order of Thomas Marshall at the Homewood People’s Bank, one month after date. This note was discounted
Admit all the facts set out in the affidavit, they only amount to proof of an oral agreement flatly contradicting the written instrument. Fraud, accident or mistake could not be averred on such an agreement, in the face of the absolute written agreement to pay a fixed sum on a day certain. At the very most it amounts only to a parol promise of further time indulgence to the debtor by the creditor. As said by Shauswoob, J., in Heist v. Hart 73 Pa. 286, “such parol agreement though made at the time is inadmissible in evidence to vary the effect of the written contract.”
The judgment is affirmed.
Reference
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- Syllabus
- Promissory notes—Evidence—Parol evidence—Affidavit of defense. In an action upon a promissory note an affidavit of defense is insufficient which avers that the maker gave the note on the express oral agreement that he should use the money in the erection of certain buildings, that the note would be renewed from time to time until the buildings were sold, that then and not until then the note was to be paid, and that none of the buildings had been sold.