NC Court of Appeals: Lewis v. Staley- Voluntary Cancellation of Note Discharges Obligation‏

Bobby Stanley, now deceased, borrowed $300,000 from the Plaintiff. Following his death, Yow took responsibility for the debt and the Plaintiff agreed to have the original note marked as satisfied and cancelled. The Court of Appeals held that this was sufficient under N.C. Gen. Stat § 25-3-604 to show the debt was satisfied. Lewis v Stanley.PDF