Sloan v. Latimer
Supreme Court of South Carolina
Before Norton, J., Greenville, July, 1893. Action by Tom Sloan against J. P. Latimer on a sealed note which the defendant had signed as surety for J. A. Mooney, and upon which the plaintiff, the payee, had written an extension of credit at the time that he transferred it for value to Kate Sloan. The note not having been paid, plaintiff repurchased it.
1Opinion of the Court
The opinion of the court was delivered by
Mr. Justice MoGowan.
On July 1st, 1890, J. A. Mooney and J. P. Latimer executed their sealed note, joint and several, for six hundred dollars, due one year after date, payable to Thoms Sloan, or bearer, interest from date at eight per cent, per annum, payable annually. On May 13, 1891, Sloan made the following memorandum on the note at the bottom: “I hereby extend date of payment of above note to January 1st, 1892, with privilege of payment before maturity.” The note not having been paid at maturity, action was brought on said note against J. P.…
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