Finch v. Provident Mutual Life Insurance

1. A contract between the payee of a note and the principal debtor, which would operate to release the surety on the ground that, the time of payment of the note has been extended without the surety’s consent, must be a contract between the payee and the principal debtor for a valuable consideration for an extension by the payee of the time of payment, and the extension must be for a definite period. Woolfolk v. Plant, 46 Ga. 422 (2); Bunn v. Commercial Bank, 98 Ga. 647 (26 S. E. 63); Tanner v. Gude, 100 Ga. 157 (27 S. E. 938); Alsobrook v. Taylor, 181 Ga. 10 (5) (181 S. E. 182); Ver Nooy v.…