First National Bank v. Dunn

The opinion of the court was delivered by

Reed, J.

The defendant was an endorser upon a note made by one Jimmerson and held by the plaintiffs. Upon the trial of the present action, brought against Dunn by the bank, it was. set up that the bank had agreed with Jimmerson, the maker of the note, without the consent of Dunn, the endorser, to extend the time of payment of the note.

It appears in the case that the bank had held a large quantity of Jimmerson’s paper, and had taken as collateral security a mortgage upon certain real estate which belonged to Jimmerson’s wife. This mortgage was subject to…