Lawrence County National Bank v. Kaufman

Citations

• 44 Pa. Super. 567
• 1910 Pa. Super. LEXIS 221

Syllabus

<p>Promissory notes — Renewal of note — Parol agreement.</p> <p>Where a bank promises an accommodation maker of a note that it would give the principal all the time he needed to pay the note, if the latter would renew the note from time to time, pay the interest and what he could by partial payments on the principal, and the bank after several renewals, payments of interest and partial payments of principal refuses to renew the note, although it accepts the interest and a partial payment, but demands a larger payment, the makers cannot be deemed in default in not tendering another renewal note after the date when the previous note which had been refused became due.</p>