Baldwin v. Daly

Citations

• 41 Wash. 416
• 83 P. 724
• 1906 Wash. LEXIS 979

Syllabus

<p>Bills and Notes — One op Makers Surety Only — Pboop—Parol Evidence — Competency. A co-maker of a promissory note, who signs as surety only, may show such fact by parol evidence and that the payee had knowledge thereof.</p> <p>Principal and Surety — Release op Surety — Consideration—Payment op Part — Suppiciency. An agreement for an immediate payment of part of a debt is sufficient consideration for the release of a surety from obligation to pay the remainder.</p> <p>Bills and Notes — Release op Surety by Parol — Statute Requiring Writing — Construction. Under Laws 1899, p. 361, providing that a “renunciation” of a negotiable instrument must be in writing, a surety thereon is not entitled to show that he had been released by parol.</p>