75 Pa. Super. 520 | Pa. Super. Ct. | 1921
Opinion by
First. Was the plaintiff a foreign corporation doing business in the State of Pennsylvania without a license? The learned trial judge was plainly right in holding that the plaintiff was not doing business within the
Second. These suits, which by agreement of counsel are to be considered together, were brought on four promissory notes, renewals of notes which had been given for lumber furnished by the plaintiff to Hoffman, Shoemaker the defendant being the endorser of the notes. Before the original notes matured the defendant alleges it was discovered that the quality of the lumber furnished was not as specified and that there was a
Broadly stated, a renewal note is open to all defenses which might have been made against the original note. Where the defense is such that it can be and is cured by the renewal, it cannot be urged. The proposition is stated in 8 C. J. 444, “Thus, one who gives a note in renewal of another note, with knowledge at the time of a partial failure of the consideration for the original note, or of false representations by the payee, etc., waives such defense and cannot set it up to defeat or to reduce a recovery on the renewal note.” There are numerous cases cited in support of the proposition.
In the case of Adams v. Ashman, 203 Pa. 536, 540, relied upon by appellant, it will be noticed the note was procured through fraudulent representations, there was an entire failure of consideration, and the renewals asked for were to accommodate the payee of the note and wholly for his interest.
The assignments of error are overruled and the judgment is affirmed.