Roxton v. Armstrong

The assignee of a mortgage offered orally to extend the time of payment fixed by a note and mortgage and the mortgagor accepted, relied upon and acted according to the oral offer, a part of which contemplated that the ■extension should not become binding unless reduced to writing. So no writing was ever entered into extending the time for payment of the note and mortgage and as a result, the assignee of the mortgagee brought this suit and obtained •a decree against a defense interposed by answer setting up the oral extension agreement.

The finding of the Chancellor awarding a foreclosure…