Gorham v. John F. Kennedy College, Inc.

• This is an action on several promissory notes executed by defendant and delivered to Grant G. Fiedler for a valuable consideration. They were assigned to plain tiff after 'maturity.' The exécútion and delivery of the notes is conceded. The sole defense is that the notes were discharged by a written' renunciation signed by the payee and delivered to defendant. ' Judgment was entered for the defendant. We reverse. ,..The sole question presented is the legal-effect of the alleged renunciation which is as follows:'-“I will surrender my notes in the amount of $8,500.00 to John F. Kennedy…