Farmers Union Oil Company v. Fladeland

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• old note surrendered when new note issued does not rebut inference that original indebtedness was not extinguished
• “It is generally held that the mere execution of a renewal note evidences the same debt by a new promise and does not constitute payment or discharge of the original note but operates only as an extension of time for payment.”
• \It is generally held that the mere execution of a renewal note evidences the same debt by a new promise and does not constitute payment or discharge of the original note but operates only as an extension of time for payment.\
• original accommodation party held liable on renewed note because “mere execution of a renewfed] note evidences the same debt by a new promise and does not constitute a payment or discharge of the original note but operates only as an extension of time for payment”

Source: CourtListener parenthetical corpus (CC0).