New York Supreme Court April 12, 1967 (London Leasing Corp. v. Interfina, Inc.)

Harold J. Crawford, J.

The fundamental question presented on this motion is whether a corporate officer (president) who makes a note on behalf of his corporation and also personally indorses that note is discharged from personal liability on the note by an agreement between the payee and the corporate maker, by its said president, which extends the corporate maker’s time to pay the note.