In re Assigned Estate of Neff

Citations

• 185 Pa. 98
• 39 A. 830
• 1898 Pa. LEXIS 676

Syllabus

<p>Judgment — Judgment note — Parol evidence.</p> <p>A condition in a bond given by a debtor to a creditor that the debtor will pay, when so required, all notes and other indebtedness on which he' “is liable” in any way to the creditor, secures only debts existing at the date of the bond; not those afterwards contracted.</p> <p>Where a judgment note is given to a bank to secure an existing indebtedness, an oral statement subsequently made by the debtor to the officers of the bank, in the presence of another creditor, that the judgment note was to cover later indebtedness, will not entitle the bank to claim that the judgment note covered such later indebtedness as against the other creditor, if the latter at the time the oral statement was made did not say or refrain from saying anything that induced action or inaction by the bank to its prejudice.</p>