Thayer v. Buffum
Thayer v. Buffum
Opinion of the Court
By St. 1839, c. 131, § 1, it is provided, that “ in any action brought upon a promissory note payable on demand, by an indorsee against the promisor, any matter shall be deemed a legal defence, and may be given in evidence accordingly, which would be a legal defence to a suit on the same note, if brought by the promisee.” By the use of the term “ defence ” in this statute, the legislature looked to such legal and equitable considerations as would constitute a good answer to the suit if brought by the promisee ; such as payment, set-off, and the like; but it does not extend to a mere disability to sue.
It is well settled that a note made by a partnership to one of its own members, or his order, when indorsed, will enable the indorsee to maintain an action upon it. It is the promise of all to the order or appointee of one; and when the appointment is made by an indorsement, it is a valid contract with the indorsee. Pitcher v. Barrows, 17 Pick. 361. Smith v. Lusher, 5 Cow. 688. Blake v. Wheadon, 2 Hayw. 109. So of a note payable by one to his own order. Little v. Rogers, 1 Met. 108. The promisee himself (Bates) could maintain no suit, not because the partnership would have any legal or equitable defence, but on account of the inflexible rule, that the same person cannot be plaintiff and defendant in the same suit at law. Eastman v. Wright, 6 Pick 316
Reference
- Full Case Name
- Joseph Thayer v. Moses Buffum & others
- Status
- Published