Beall v. West
Beall v. West
Opinion of the Court
— This action is upon a promissory note, signed by the defendants in their firm name, and under style of West, Powers & Co., and payable to Hezekiah Beall, the assignor of plaintiff. The defendants, Powers and Spaulding answered separately, and the only portion of
The defendant West, answered separately, from which it appears, that, to secure the payment of said partnership note, West and wife had executed to said Beall, a mortgage on certain real estate, which had been purchased by West from Bonson, and for which West had only a bond for a deed. West further states in his answer, that Beall had brought his action of foreclosure, and had obtained a decree for the sale of the property so mortgaged, with an order that the proceeds of such sale be applied to the payment of the note so secured; and that by reason of such proceeding, he, West, was discharged from further liability. Powers and Spaulding plead specially the Bonson decree, and West plead specially the Beall decree, as a bar.to the right of plaintiff to recover.
It maybe here remarked that West does not appeal, and the fact that Beall had obtained a decree of foreclosure against West, as set up by him in his special answer, is not a matter of defense by the appellants. The decree in the Bonson case is the only one relied upon, as showing that they Were released from liability on said note.
It appears from the record introduced in evidence, that Bonson filed his bill in equity for the purpose of enforcing against West a vendor’s lien upon the premises mortgaged by West to Beall. West, Beall, and other incumbrancers, were made parties defendant to this bill, for the purpose of declaring the priority of the several liens on said lands. In the final decree in this Bonson case, after reciting that
The first question to be disposed of is, whether Beall ever obtained a judgment against West, one of tbe coobligors. If not, the appellant’s defense falls to the ground. It will be recollected that Bonson brought bis proceeding to enforce .against West a vendor’s lien. Beall was a mortgagee under West, Bonson’s vendee. Beall was not the complainant. He did not institute any proceeding to recover upon tbe note given him by West, nor did be, in bis answer to Bonson’s claim, ask a judgment against bis co-defendant, West. In tbe decree, tbe amount due by West to tbe complainant and to Beall is stated, and the-property mortgaged ordered to be sold, —the proceeds to. be applied, first, to the payment of tbe purchase money; second, to tbe payment of tbe amount secured to Beall. A
In order that the liability of the co-obligors should be merged, as claimed, there should be such a judgment as would give to the holder of the note a full and complete remedy, and that eould be enforced against the maker whom he had sought to make liable, and which the defendant eould plead in bar to another suit upon the same cause of action.
The cases cited by appellant tend to show that where there has been a judgment against one of several joint makers of a promissory note, the other makers are released by this act of the holder of the note; that the liability of all of the makers becomes merged in such judgment. We do
Affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.