Farmers Feed & Grain Co. v. Longway

This is an action on an overdue promissory note signed by the defendants. The case was tried by the court and judgment was for the plaintiff. The defendant Cross excepted.

The findings show that, in 1928, the defendant Long-way was the lessee of a farm owned by Cross for a term ending on November 1 of that year. Longway then owed the plaintiff a debt of $500, for which on October 23, 1928, he gave the note in suit. At the same time, T. J. McGovern, who was the Farmers Feed & Grain Co., gave Cross a writing which provided that the latter should be released from liability on the note if “Longway…