Spencer v. Woodbury
Spencer v. Woodbury
Opinion of the Court
The following instrument was executed by Warren Woodbury on the 18th of February, 1850, to wit:
“St. Paul, Min. Ter., Ramsey County.
“I do agree to cut and split four thousand rails on the northwest quarter of Section 20, Township 29 north, and Range twenty-two [22] west, on or before the first day of May next, to be delivered to Elliott Adams, or bearer.
“WARREN WOODBURY.”
The only question that is legitimately raised in the record before us, is whether the writing upon which this suit is based is negotiable or assignable, so as to vest in any holder other than the original obligee a right of action at law. It is at most but a chose in action, and as that class of rights were not assignable at common law, and as the Statutes in force at the time, rendering notes assignable promising the payment ot money, does not affect other obligations, promising payment of anything else, or the performance of labor, the action in this case upon the obligation in question cannot be maintained at law.
The judgment of the District Court is therefore reversed with costs.
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