Weir v. Cox
Weir v. Cox
Opinion of the Court
delivered the opinion of the court. This is an action by the payee of a bill of exchange against the acceptor. The liability of the defendant is set forth in the petition in the usual manner. The answer admits the acceptance, but avers that the bill has long since been paid: that the claim is barred by prescription: and finally, that the plaintiffs have deprived the defendant by their negligence of any recourse against the drawer, or his property, the bill being accepted merely for his accommodation.
The case was submitted to a jury in the inferior court, who found a verdict for the plaintiffs. The court confirmed it, and the defendant appealed.
Several bills of exceptions were taken on
The defendant requested the judge to charge the jury, “that when the endorser of a bill of exchange has paid no value for it, nor been in reality the owner, but has merely endorsed it to accommodate the drawer, and enable him to raise money on it, such endorser, tho’ he should pay the bill after protest, is to be considered as surety of the drawer, and his rights are to be regulated as such.” The judge refused to give the opinion to the jury, and the defendant excepted.
We are of opinion the judge did not err in refusing to give such a charge to the jury. As between the drawer and the payees who had
This defence we presume has been suggested, as it appears to be sanctioned, by the opinions of a late eminent judge in England sitting at nisi prius. But these opinions have been since overruled. Certainly until these decisions of Lord Ellenborough, it never was suggested that the engagement of the acceptor was not absolute to all the previous parties, and that nothing could discharge him but payment, or release. The law merchant of the United States is decidedly against the doctrine on which the appellant has relied, and soalso^ we are satisfied, is the reason of the thing.— Bayley on bills, 121. 2 Camp. N. P. C. 185. 3 ibid, 362. 4 Taunton, 730. 5 ibid, 192. 2 Starkie, 531. 6 Cowen, 484. 9 Sergeant & Rawle, 229. 3 Kent’s Commen. 57.
It is therefore ordered, adjudged, and decreed, that the judgment of the district court be affirmed with costs.
Reference
- Full Case Name
- WEIR & AL. v. COX
- Status
- Published