Rogers v. Merchants & Planters Bank

789 S.W.2d 463 (1990)

302 Ark. 353

George K. ROGERS, Sr., Appellant,

v.

MERCHANTS & PLANTERS BANK OF NEWPORT, ARKANSAS, Appellee.

No. 89-350.

Supreme Court of Arkansas.

May 29, 1990.

Wayne Boyce, Newport, for appellant.

Timothy F. Watson, Sr., Newport, for appellee.

NEWBERN, Justice.

This case presents the question whether an accommodation maker of a promissory note is discharged from liability on the note when the payee extends the time for payment four times, twice with the agreement of the accommodation maker and twice without such agreement, and each extension is for a time in excess of that…