Crocket v. Trotter
Crocket v. Trotter
Opinion of the Court
The plaintiff sold a stock of goods to the defendants, and received from them their three notes of hand — the first, for eight hundred and ninety one dollars and twenty-eight cents, payable in cash, on the first day of January, one thousand eight hundred and twenty-one: the second, for the same amount, due -at the same time, payable in cash notes, on solvent men in Giles, Tennessee: the third note
The two first notes were paid ; when the last fell due, the defendants tranferred by endorsement, notes to the plaintiff, to the amount of their note, which was given up to them. The plaintiff brought suit for the non-payment of this last note, avering that the defendants had not paid him the amount thereof in cash notes on solvent men in Lawrence county.
There was proof on trial, that the makers of some of the notes were not solvent. There was no proof of any notice of non-payment to the endorsers. The Judge charged the jury, that if they believed the defendant endorsed the notes to the plaintiffs, and received from him their note, payable in cash notes on solvent men in Lawrence county, that it operated as a discharge of said note, and that the defendants were only liable as endorsers of the notes so received by the plaintiff, unless there was an express contract proved, that it should not operate as a discharge of the note for the payment of cash notes on solvent men, in Lawrence county. To this charge the plaintiff excepted, and now assigns it for error.
From the view of the case, taken by the Court, it will not be necessary to examine very closely the authorities referred to in the argument.
We believe that it mainly depends on the intention of the parties at the time the payment and endorsement of those notes occurred. If it was intended that the old note or agreement, for the payment of cash notes on solvent men, should be cancelled, and
It seems to the Court, that the converse of the proposition assumed by the Judge, in his charge, is the true one ; and that unless there was an express agreement that the liability on the endorsement, should be substituted, that the first agreement remained uncan-celled) and unpaid, by the endorsement.
The judgment must therefore be reversed, and the cause remanded.
Reference
- Full Case Name
- CROCKET versus TROTTER & McGONEGAL
- Cited By
- 2 cases
- Status
- Published