Bradford v. Bishop
Bradford v. Bishop
Opinion of the Court
By the rules of the law merchant, in order to fix the liability of an indorser of a promissory note, it was necessary to make demand of payment of the maker, and upon his refusal to pay, to give notice to the indorser; these things being done, the liability of the indorser was fixed, and he might be forthwith sued, without taking any further proceedings against the maker.
Our statute has altered the law merchant in this respect, and in order to charge the indorser of a promissory note, not negotiable in bank, the indorsee must sue the maker in the county of his residence, to the first term of any court to which the suit can be properly brought, after the note falls due ; or if it be indorsed after maturity, then to the first court after such indorsement is made, and upon the recovery of a judgment, and the return of no property made by the sheriff on the execution issued thereon, then he can sue the indorser.
The liability of an indorser is not fixed by commencing suit, and recovering judgment; but the return of the sheriff, “ no property,” on the execution issued on the judgment, is a pre-requisite to the indorser’s right of action. Reese v. White, 2 Ala. Rep. 306. It is true, that the law requires no other evidence of the insolvency of the maker, than the commencement of the. suit to the first term to which it can be properly brought, the recovery of judgment, then the issuance of execution, and the return of “no property” by the sheriff. But in our opinion, due diligence should be used, not only to recover the judgment, but after it is recovered, to have execution issued, and the return of “ no property” made by the proper officer. The statute does'not prescribe at what time execution shall issue after the rendition of the judgment, but we think the spirit and intent of the act is, that the in-dorsee shall use ordinary diligence in prosecuting the note to judgment, after the suit is commenced; and after judgment is rendered, in procuring the return of no property on the
We therefore hold, that the omission of the defendant in error, to sue out an alias execution for nearly two years after the term to which the original was' returnable, in "the absence of any excuse for such neglect, discharges the indorser from liability. In this conclusion we are sustained by the authorities in the cases of Bishop v. Beazly, 6 Black; 127 ; 1 Bibb, 542 ; 4 Peters’ Sup. C. Rep. 366; 6 Leigh’s R. 386.
It has also been contended, that the failure of the sheriff to return the execution, whereby he was made liable to the
Let the judgment be reversed and the cause remanded.
Reference
- Full Case Name
- BRADFORD v. BISHOP
- Status
- Published