Union Trust Co. of Rochester v. Lauman

The defendant Danner gave certain notes to the defendant Lauman, which were discounted at the Merchants Bank, subsequently taken oyer by the plaintiff. Thereafter, the bank was informed that Danner had paid the notes to Lauman, and Danner was told that, notwithstanding that fact, the bank *309would look to him for the payment of the notes. The payment to Lauman, of course, did not reheve Danner’s liability to the bank. A payment was made on the outstanding notes, and a new note was made by Danner, indorsed bs^ Lauman, and taken by the bank. The defendant Danner is hable on this new note, no…