Lahn v. Koep

SherwiN, J.—

The only question involved in this case is whether there was a valid extension of the time of payment of the note in suit. By its terms it was due when suit was brought; but the defendant answered, pleading an extension for one year from date of its maturity. There was evidence which justified the jury in finding that the parties entered into a mutual oral agreement whereby the defendant bound himself to keep the money and pay interest thereon for a specified time beyond the written date .of its maturity, and that in consideration of such promise the plaintiff extended the time of…