Noel v. Baskin

In September, 1924, appellee executed certain promissory notes, to the order of one Davis, payable September 1, 1932. Davis sold the notes before maturity to one Van Senden, who died in 1929. On July 23, 1934, when payment of the notes was approximately one year and nine months overdue, Van Senden’s Administrators entered into a written sealed agreement with appellee, whereby, in consideration of the former withholding suit on the notes until after September 2, 1935, — the precise date after which the notes would have been barred by a plea of the statute of limitations — the latter agreed to…