Tangaro v. Marrero

McDonough, justice.

This is an action to recover the balance of a note from a co-signer. Plaintiff appeals from a judgment finding the note satisfied by the execution of a new note.

In April, 1957, plaintiff, John Tangaro, loaned Augustine Lopez Marrero $2,146 upon the security of a promissory note cosigned by his wife, Evangeline Lopez and by Jacinto Reneen. Marrero paid the semimonthly payments of $50.00 until March, 1958, at which time the payments were reduced at Marrero’s request to $25.00. Payments continued at that rate until April, 1959, when Marrero filed a voluntary petition in…