North Penn Iron Co. v. New Jersey Bridge Co.

Citations

• 35 Pa. Super. 84
• 1907 Pa. Super. LEXIS 212

Syllabus

<p>Promissory notes — Debtor and creditor — Payment.</p> <p>A promissory note, though negotiable, given by a debtor to his creditor, does not operate as a payment of a pre-existing indebtedness, in the absence of an agreement between the parties that it shall so operate, and action may still be maintained on the original indebtedness.</p>