Ryder v. Williams

Three promissory notes, set forth in full in the appendix to this opinion, were executed in September, 1978, each providing for monthly payments and stating the period of time needed to pay off the note. The question before us is whether the trial judge erred in holding that the paroi evidence rule did not preclude the defendant borrowers (Wayne and Dimitria Williams) from introducing evidence of an additional agreement that, in the event the lender (Howard Maxim) died, the borrowers would have no obligation to continue payments on the notes to Maxim’s estate. We hold the paroi evidence rule…