Lyon v. Robertson

Citations

• 6 Cal. Unrep. 390
• 59 P. 990
• 1900 Cal. LEXIS 1069

Syllabus

<p>Promissory Note—Renewal—Consideration.—The Surrender of. valid notes to one of the joint makers for cancellation is a good consideration for a new note given by him and the widow of the other maker in renewal thereof.</p> <p>Promissory Note—Renewal.—A Widow is Liable on her note given in renewal of prior notes to which her deceased husband was a party, though she gave it under misapprehension as to her liability for his debts, not induced by any misrepresentation by the payee.</p>