A Treatise On the Law of Bills of Exchange, Promissory Notes, Bank-Notes And Cheques

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57.
(V) The Court will not esti- mate the value of the oonsidera- tiou. That would be to inquire whether the bargain were a good one or not. Moss v. Hall, 5 Exch. 50.
(«() Ibid.
(w) Arnndel Bank v. Gohle, K. -B. 1817 ; Chitty, 9th ed.
413 ; 2 Chit. 335 ; Willison v.
Whitalier, 2 Marsh. 383 ; 7 Taunt. 53 ; Brickwood f. Ainii.i, 5 Taunt. 614 ; 1 Marsh. 250 ; Philjwt V. Briant, 4 Bing. 717 ; 1 Moo. & P. 754 ; 3 C. & P. 244 ; 29R.R. 710; Clar Ji y. Birley, il Ch. D. 422. See the American authoritie
...s in Byles on Bills, 6th American ed. p. 381.
Agreement not to sue.
828 Principal and Sicrety.
CHAPTEK XX.
Renewing a bill.
Misappropria- tion of securi- ties.
Inability to recover.
Discharging from execu- tion.
who is really the principal, will discharge the acceptor, who, though apparently the principal, is only the surety to the knowledge of the creditor (o).
The taking of a new bill from the acceptor, payable at a future day, discharges the indorsers {p).
Misappropriating or misusing, or losing any security for the debt held by the creditor, discharges the surety ().


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