Bush v. Wright
Bush v. Wright
Opinion of the Court
This is an action by the endorsee, against the drawer and endorsers of a promissory note, for four hundred dollars, with interest at ten per cent a year from maturity till paid, and payable at the branch of the Bank of Louisiana at Baton Rouge, twelve months after date.
The endorsers pleaded, that they endorsed upon condition that the note should be made payable at the bank, and that the drawer and endorsers should be at liberty to pay by installments of one-fifth, according to the usage in bank. That accordingly, when the note was about falling due, a new note was offered, at the elected domicil, for the amount less $100; the original note, of which this is a renewal, being for $499 25, which was left with the cashier of the bank, together with the money for the curtailment. That the money and the new note remained in the hands of the cashier for thirty days, and was finally returned, having been refused by the holder of the note.
There was a verdict and judgment for the defendants, and the plaintiff appealed,
The defendants did not annex to their answer the note thus offered in renewal, according to the alleged contract, nor did they deposit in court, subject to its order, the sum of one hundred dollars, of which they allege a tender to the holder of the note. The consequence is, that, by the judgment rendered, the plaintiff loses the benefit of both contracts, and does not recover even what would have been due to him under the second agreement, as alleged by the defendants. There does not appear to be any good legal reason why he should be barred from recovering any thing. Under these circumstances, we think, justice requires that the case should be remanded for a new trial,
It is therefore ordered, and decreed that the judgment of the District Court be reversed, the verdict set aside, and the case
Reference
- Full Case Name
- Samuel L. Bush v. William G. Wright and others
- Status
- Published