Bank of Terrell v. Webb

Beasley, Judge.

The Bank of Terrell sued Webb on a promissory note which he signed as a co-maker along with his son Webb, Jr. The note (#64904) was the third in a series of “renewals” for the original note in the principal amount of $10,000 at 8.30% interest. The first three notes were executed by both Webbs but thereafter, although each note referred to the next preceding note, only Webb, Jr.’s signature was required.

Webb defended on the basis that he signed only as an accommodation for his son and since the terms of the notes had changed he was no longer liable. Following discovery, Webb…