First National Bank of Plymouth v. Jones' Est.

Opinion by

Mr. Chief Justice Kephart,

Appellee bank held a note on which William L. Jones, appellant’s decedent, was one of two accommodation endorsers for Frank E. Schaule. Jones having died before the note matured, appellee obtained several new notes from Schaule, endorsed by the survivor. This was done without the knowledge of appellant. Appellee continued to carry on its books the original note on which Jones was endorser. After default on the last new note given, appellee sued his estate for the balance due on the original instrument. Appellant contends that it was discharged by the…