Case Name: Benj. Allston v. John A. Allston
Court: South Carolina Court of Appeals
Jurisdiction: South Carolina
Decision Date: 1834-04
Citations: 2 Hill 362
Docket Number: 
Parties: Benj. Allston v. John A. Allston.
Judges: 
Reporter: South Carolina Law Reports
Volume: 20
Pages: 362–362

Head Matter:
Benj. Allston v. John A. Allston.

Opinion:
It is always understood that a note endorsed for the maker's accommodation, to be discounted in Bank, is to be renewed ; and although each successive renewal is a new contract, it is not an extinguishment of the debt, and therefore such renewal will not destroy the security of a mortgage or other guaranty given to indemnify the endorser, when the original note was discounted.