Supreme Court of North Carolina September 14, 1927 (Barco v. . Forbes)

BeogdbN, J.

Tbe question is tbis: If a note is given for tbe purchase price of fertilizer, and there is a total or partial failure of tbe consideration, and tbe maker of tbe original note executes a renewal note, after knowledge of tbe failure of tbe consideration, can such maker resist tbe payment of tbe renewal note?