Liebbrandt v. Myron Lodge No. One, of the Old Free Order of Chaldea

Citations

• 61 Ill. 81

Syllabus

<p>1. Tender.—what amounts to. A party having executed to Myron Lodge No. 1, of the Old Free Order of Chaldea, a certain promissory note, stated that, after the maturity of the note, he offered in open lodge of said Order to the said lodge itself, and members present, to pay the note and interest; that they then and there refused to take the money and gave him further time without his wish, knowing that, at the time he so offered to pa3r the note and interest, he had the money to do it with: Held, that an offer to pay in the manner stated did not amount to a tender.</p> <p>2. Surety—release of by agreement of the payee with, the principal maker of a note to extend the time of payment. -An agreement by the payee of a promissory note, with the principal maker, to extend the time of pa3,ment without a consideration, does not release the suret3r from liabilhy.</p>