Eastin v. Succession of Osborn
Eastin v. Succession of Osborn
Opinion of the Court
This suit is brought on a draft drawn by J. & W. H. Osborn on Rhorer & Zunts, and accepted by them, dated third of April, 1861, and payable to the order of E. F. Duncan, on the fifth of February, 1862.
■ John Osborn having taken the benefit of the bankrupt act, the succession of his brother, who had been his partner in planting, is sued tor one-half the amount of the said draft.
The defenses set up are, res judicata, prescription, and a discharge from liability on account of the failure of the holder of the draft to protest the same, or to give the drawers notice of the dishonor of the draft. The plea of res judicata is not tenable. The decree referred to, to sustain the plea, in terms declares that a judgment of nonsuit is rendered.
On its face, the draft sued upon is prescribed; but it is urged that prescription was interrupted by the suit in which the before mentioned judgment was rendered. This on the other hand is denied, because it is alleged that there was no citation to W. H. Osborn. There was an acceptance of service of citation and petition by John Osborn, and subsequently an answer was filed for all the defendants. The code declares that the course of prescription is interrupted by a citation. Whether an acceptance of service of petition and citation, without any citation in fact, would meet the requirements of the law is unnecssary to decide, as we have concluded to decide the case on the merits.
The'draft was drawn by planters on their factors, who accented the same.
Prima facie, every acceptance affords a presumption of funds df the drawer in the hands of the acceptor. 1 Pars. Bill and Notes p. 323.
In this case the testimony is somewhat conflicting as to whether J. & W. H. Osborn had funds in the hands of the drawees. Marcus J. Zunts states that “as a firm” they had not. While J. Osborn sWears
We think the evidence supports the legal presumption resulting from the acceptance of the draft by the drawees, that the drawers had funds in the hands of the acceptors; at any rate, it establishes that the •drawers had reasonable grounds to expect that their draft would be honored, and they were entitled to notice of dishonor.
It is therefore ordered and adjudged, that the judgment of the lower court be annulled, and that there be judgment rejecting the plaintiff’s demand with costs of both courts.
Reference
- Full Case Name
- John A. Eastin v. Succession of William H. Osborn
- Status
- Published