Sheffield v. International Harvesting Machine Co. of America

The international Harvesting Machine Company of America sued Sheffield as principal, and Kelley as indorser, on a promissory note which contained the following provision: “In consideration of the renewal and extension of my notes, Nos. 83973 and 83973, year 1903-04, I hereby acknowledge full satisfaction of and unconditionally release and relinquish any and all claims arising out of purchase of the machine for which the note or notes of which this is a renewal was given.” The defendants; filed a joint plea of the general issue, and further pleaded a total failure of consideration as to the.…