Craig v. Gresham
Craig v. Gresham
Opinion of the Court
delivered the opinion of the Court.
Two questions arise in the case presented by this record:
First: Does the fact that an execution has been issued and returned ‘no property found’ on a judgment, where one of the defendants is principal, and the other is merely a surety, excuse the failure of the creditor to sue out another execution, during a period of more than seven years, and take the case out of the operation of the statute of 1838? We decide that it does not have that effect. It does not come within the excepted cases mentioned in the statute, nor is there any good reason why it should have the effect contended for. The principal debtor may have had no property when the first execution issued, but a subsequent execution within the prescribed period, if issued, might have been satisfied, out of property subsequently acquired by him, and thereby relieved the surety from his responsibility.
Second: Shortly after the execution upon the judgment was returned ‘no property found,’ the creditor exhibited a bill in chancery to enforce a vendor’s lien upon a tract of land, and in that way to obtain satisfaction of the judgment at law, which was obtained on a note'executed for the purchase money, and in that suit in chancery, which was was still pending when this suit was tried, the principal debtor had resisted the relief prayed for, and insisted upon a recission of the contract. The question then is, whether the creditor, in consequence of the pendency of the chancery suit, and the resistance made by the purchaser to the relief sought by him, is excused for his failure to sue out another execu
Wherefore, the decree of the Court below is affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.