Filed Date: 5/11/1896
Status: Precedential
Modified Date: 11/7/2024
According to the decided preponderance of the evidence, the plaintiff, who was the payee and owner of the promissory note sued on, in consideration of an agreement by the maker to pay usurious interest and of the actual payment thereof, several times extended the time of payment, without the knowledge or consent of the surety. As the legal effect of such conduct on the part of the plaintiff would be to discharge the surety (see Knight v. Hawkins, 93 Ga. 709, and authorities there cited), there was no error in granting the