Day v. Swann
Day v. Swann
Opinion of the Court
The opinion of the Court, after a continuance, was drawn up by
The two firms became sureties for each other in a transaction, from which each received equal benefit. Each firm had an equivalent for its suretyship, by an accommodation of
In the case of Doremus et al. v. Selden, 19 Johns. R. 213, the plaintiffs had transferred the liability, which the defendants had assumed as indorsers of the note of hand to them, to whom they had indorsed it. The subsequent claim of the plaintiffs was founded altogether upon their payment of the note, which being a debt, for which the defendants stood previously liable to the holders, they thereby acquired a new claim upon the defendants. And this payment having been made severally and unequally by the plaintiffs, their right to remuneration was held to be several. But the plaintiffs in the case before us, had jointly an implied promise of indemnity from the defendants, from the time they became sureties, which was not assignable in its character, as is the liability of the makers or indorsers of a negotiable note. In Graham v. Robertson, 2 T. R. 283, the difficulty was, that all the partners had not joined in the action.
If the plaintiffs had brought three actions, instead of one, the defendants might well have insisted, that they had jointly become sureties on their account, and that the plaintiffs’ claim being founded on their implied promise as principals to indemnify them, their action should have boon joint. The sheriff has returned a joint payment from the plaintiffs ; and if it wore competent for the defendants to show by parol, that one third came from the pockets of each, they might each be in possession of partnership property. They chose to regard the payment as joint. And if
Upon the facts agreed, the opinion of the Court is, that the plaintiffs are entitled to judgment.
Reference
- Full Case Name
- Josiah F. Day & als. v. John Swann & als.
- Status
- Published