Fridge v. Hopkins

Citations

• 10 Teiss. 226
• 1913 La. App. LEXIS 58

Syllabus

<p>Syllabus.</p> <p>1. The acceptance of the personal note of one party in. exchange for the joint and several note of that party and ‘ another, is a substitution of debtors, and a novation of the joint and several note, by which the endorser thereon is discharged.</p> <p>2. The endorser on a note given in exchange for another note, has no contractual relations with the parties to the first note.</p>