Lakeshore Commercial Finance Corp. v. Drobac

How courts have described this case

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

• “[I]t is the law, not private agreements, which determines the essen tial elements of a valid contract.”
• “[A]ny contract can be discharged or modified by the subsequent agreement of the parties.”
• guarantor discharged when maturity date on note was reduced by six months
• “[Tjhey cannot contract with each other by way of a modification in a manner that affects the rights of an original contracting party who is prejudiced by the new agreement and has not assented to it.”

Source: CourtListener parenthetical corpus (CC0).