Darby & Tremoulet v. Fuselier
Darby & Tremoulet v. Fuselier
Opinion of the Court
The plaintiffs, as syndics of their former firm of Darby & Tremoulet', bring 'this action to recover the sum of'$35,749 54, with interest.
The answer of the defendant admits her signature to the letter of credit, but specially denies all the plaintiffs’ allegations as to indebtedness or liability arising from the letter of credit they declare upon.
The defendant had judgment in her favor and the plaintiffs appeal.
The facts presented are, that in the year 1858 Charles A. Grevem-berg, the son of the defendant, entered into an agreement with Jenkins, whose plantation, with a large number of slaves upon it, was under seizure at the suit of Sfowaft Wilkins Fisk, Testamentary Executor, v. W. W. Jenkins, and advertised for sale on the second of July, 1858, by which he was to become the purchaser at the price of 8115,000. In consideration of this purchase, Grevemberg was bound to transfer his plantation in the parish of St. Landry to Jenkins at the price of $15,000, and to pay and discharge for him the amount due the seizing creditors — $29,955 10. Besides this he assumed the payment of other debts of Jenkins — one to Jackson & Co. of $17,075 39; one to the estate of Louet of $666 66|-; one to D. & II. Tirquhart of $14,333 72, and a payment to Jenkins o'f $7,964 971.
To insure the performance of this undertaking, Grevemberg, on the third of July, 1858, executed a mortgage by notarial act, in favor of Jenkins upon the land purchased from him and a number of slaves attached to the cultivation.
The stipulations of the parties seem all 'to have been carried out fully. It seems to be established also that the plaintiffs advanced money and accepted drafts to enable Grevemberg to fulfill his obligations to Jenkins, and for that purpose they paid for Grevemberg about $55,000.
It is shown that the commercial partners, Darby & Tremoulet, were the factors of the defendant and her son, from June, 1858, to.September, 1862. That the business of the mother and lier son was carried on separately, and the defendant during that period was in a state of opulence, making large sugar crops and shipping them to the house of Darby & Tremoulet; that the defendant had annually large sums óf money over and above the wants of herself and her plantation, without debts to encumber her, and that she was in the habit of annually distributing her surplus funds among 'her children, and for this annual distribution the son, Charles Grevemberg, came in for a large share. It is also shown that Grevemberg himself had a large income from his
A prolongation of the term granted to the principal debtor without the consent of the surety will release the latter. C. C. article 3032.
The creditor can do no act whereby the rights or recourse of the surety against the debtor may be destroyed or impaired. If he make a novation or grant time to the principal the surety is as effectually discharged as if the claim had been satisfied. 3 Rob.; 10 Rob. 412.
There are other points of defense in this case not without weight, but which we deem it not important to examine at length, concurring in the opinion of the District Judge that the laches of the plaintiffs on this point alone are shown by their own evidence and preclude them from recovering.
It is therefore ordered, adjudged and decreed that the judgment of the District Court be affirmed with costs in both courts.
Reference
- Full Case Name
- Darby and Tremoulet, Syndics v. Euphemie Fuselier, Widow, etc.
- Status
- Published