Rivers v. Loving
Rivers v. Loving
Opinion of the Court
delivered the opinion of the Court.
It has before been decided by this Court, that although the writ be executed only on one of two or more defendants, yet if there is a general appearance and plea for all, a judgement against all is well taken. The appearance here was for the defendant, without distinguishing which of those decía)ed against was intended. Ike cannot suppose it was for both, and as one had been served with pro-
It is believed the second assignment is also well taken. Had the instrument sued on here been a bill of exchange, the decision of the Circuit Court would have been right. It is laid down in 1 Wheaton’s Selwyn 104, that “ the mere production of a bill of exchange from the custody of the acceptor, is not presumptive evidence of pay ment, unless it be shewn that the bill was once in circulation after being accepted. Nor is payment to be presumed from a receipt endorsed on the bill, unless it can be shewn tbal the receipt is in the hand writing of a person entitled to demand payment.” These decisions are in perfect consistence with justice, but they arise from those peculiar features in bills of exchange, which distinguish them from deeds and promissory' notes, although the acceptor is she payror of the bill, yet it never reaches his hands until after it has been in those of the payee. It is the uniform course with merchants to leave a bill in the hands of the drawee, a sufficient time for him to ascertain the state of t.he accounts between him and the drawer, and whether he has funds of the drawers in hands or not; and no bill is protested until the drawee has had sufficient time allowed him for this purpose, unless he dishonors the'bill when it is first pensented, which is seldom done. The acceptor then always has the possession of the bill before it is put into circulation, and therefore such possession or a credit on the bill in his hand writing, raises no presumption in his favor. But if it appears that the bill has been in circulation after acceptance, then the possession of the acceptor, or a payment endorsed by him alter it has been so in circulation, is prima facie evidence in his fav or.
The analogy between a promissory note and bill, does not strictly commence until the bill 'has been accepted. The promissory note does not, in the course of business, ever go into the hands of the drawee after it is executed until it is paid. His having the possession of the note then, is piima facie evidence that he has paid it A credit endorsed on it in his hand writing, must be pre
The judgement must be reversed, and the cause remanded.
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