Lancaster Trust Co. v. Engle

Opinion by

Mr. Justice Maxey,

The question to be decided is whether a written agreement of settlement or release entered into between appellant and his creditors operated as a release of a mortgage bond held by one of them and subsequently assigned by him to appellee. The court below held the bond was not discharged and denied appellant’s petition to open the judgment which had been entered upon it against him.

In 1933 appellant was indebted to various banks in Lancaster. They held notes and mortgages against him. A written agreement between appellant and four of these creditors was entered into…