98 Kan. 559 | Kan. | 1916
The opinion of the court was delivered by
Defendant John C. Madden appeals from a. judgment against him on promissory notes.
In 1912 Madden owned a gas and electric fixtures store in Topeka and sold it to William H. and Arthur Tucker, who gave-him four "notes therefor, each for the sum of $1101, payable in monthly installments of $183.50. Madden purchased some-land of the plaintiff and his son, and as part of the purchase price therefor -gave to the plaintiff three of these notes. The notes were signed by Tucker Electric Company, Arthur Tucker, and W. H. Tucker. Afterward the Tuckers desired to' reduce the amount of monthly payments and extend the time of payment of these notes. This was agreed to by the plaintiff on the condition that defendant Madden would sign the new notes the same as he had the original notes. On each of the new notes defendant Madden signed the following:
“In consideration of the cancellation and surrender of the original notes on which I was an endorser I hereby guarantee the payment of above note.”
The original notes had written on the backs thereof, and signed by defendant John C. Madden the following: “Protest and notice of protest waived and payment guaranteed.” Madden contended that this writing was fraudulently made, with
The judgment is affirmed.