Merchants' Bank v. Lord
Merchants' Bank v. Lord
Opinion of the Court
The opinion adopted by a majority of the Court was drawn up by
In the language of C. J. Tenney, in Flowers v. Flowers, 45 Maine, 459, "the bond declared upon in this action, was not for just double the sum for which the debtor, the principal obligor, was arrested on execution, and, therefore, not conformable to the R. S. of 1841, c. 148, § 20, (since reenacted). The case discloses nothing which shows that this departure was by reason of any mistake, accident or misapprehension, and, consequently, is not brought within the provision of § 43 of the same chapter. The bond, therefore, cannot be treated as a statute bond.”
Again, of the same Judge in Clark v. Metcalf, 38 Maine, 127, "the bond having no validity as a statute bond, created no obligation in the debtor to comply with statutory provisions, further than the terms used in the condition provided.” "It was the election of the debtor, which of the three alternatives, mentioned in the three conditions of the bond, he would perform; and, if he performed the one attempted, no breach has occurred. And the case finds that
Plaintiff nonsuit.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.