Bank v. Matson

The bill in this case is filed, among other things, to collect a note for $1,000 upon which defendant, A. R. Johnson, was surety for defendant, Matson. Johnson defended the action upon the ground that the bank had extended time of payment to the defendant, Matson, without his consent and to his prejudice, and thus released him from liability. The Special Chancellor in the Court below sustained the defense of Johnson, and decreed that he was released by the act of the bank. Other steps were taken in the case not necessary now to mention. The bank appealed from so much of • the Chancellor’s…