Vestal v. Knight
Supreme Court of Arkansas
APPEAL from Craivford Circuit Court. Hugh F. Thomason, Judge. 1. Parol evidence should have been excluded, because it qualified and varied the terms of the written instument. 50 Ark., 393 and cases cited; 15 Ark., 9. See, also, 2 Dan. Neg. Inst., sec. 1338; 141 Mass., 587; 68 Me, 390; 6 Atl. Rep., 11. 2. An extension of time will not release sureties, unless supported by a valid consideration. 2 Dan. Neg.
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APPEAL from Craivford Circuit Court. Hugh F. Thomason, Judge. 1. Parol evidence should have been excluded, because it qualified and varied the terms of the written instument. 50 Ark., 393 and cases cited; 15 Ark., 9. See, also, 2 Dan. Neg. Inst., sec. 1338; 141 Mass., 587; 68 Me, 390; 6 Atl. Rep., 11. 2. An extension of time will not release sureties, unless supported by a valid consideration. 2 Dan. Neg. Inst., secs. 1315-16. The evidence showed no consideration for the extension. 3. A part payment of a debt at or after it becomes due is not a sufficient consideration for an extension of…
1Opinion of the CourtHughes, J.
Appellant brought suit before a justice of the peace against A. S. Waltermire and the appellees, Merritt Knight and George W. Knight, upon the following promissory note:
“ $98.90 ' Van Burén, Ark., December 4, 1886.
“ Twelve months after date, we or either of us promise to pay V. S. Vestal or order ninety-eight and 90-100 dollars, with interest at the rate of 10 per cent, per annum from date until paid.
“A. S. Waltermire,
“ Merritt Knight, “George W. Knight.”
This note bore upon its back the following indorsement:
“ Rec’d on this 5th day of December, 1887, $10 and time of payment extended twelve…
2Cases cited1 opinion
- Stillwell v. AaronSupreme Court of Missouri · 1879
3Cited by11 opinions
- Graham v. ShephardTennessee Supreme Court · 1916
- Linton v. Chestnutt-Gibbons Grocer Co.Supreme Court of Oklahoma · 1911
- Colvin v. GloverSupreme Court of Arkansas · 1920
- Hamiter v. State National BankSupreme Court of Arkansas · 1913
- Vandeventer v. DavisSupreme Court of Arkansas · 1909
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