C. & G. Coin Meter Supply Corp. v. First National Bank in Conroe

COLLINGS, Justice.

The First National Bank in Conroe brought suit against Gary D. Gray as principal and C. & G. Coin Meter Supply Corporation as surety on a $12,749.00 note. The defendant C. & G. Coin Meter Supply Corporation filed a general denial and alleged a novation contending the note sued upon had been paid, discharged and superseded by the execution and delivery by Gray of his note to the bank in lieu of and in an amount greater than the note sued upon, without the prior knowledge and consent of defendant C. & G.; that by reason thereof the original note had been discharged as well as…