Lake ex rel. Hall v. Brown
Lake ex rel. Hall v. Brown
Opinion of the Court
The plaintiff sued on a promissory note, and the defendant set up, as an offset, the notes of the Grenada Savings Institution, Bryarly & Lake being partners in that concern. The jury, it seems, allowed the offset, and the plaintiff moved for a new trial, which was refused.
To constitute a good offset against a note which has been assigned, the defendant must have held such offset before notice of assignment. He cannot afterwards purchase the liabilities of the assignor, and bring them in as offsets. And it makes no difference whether the suit be brought in the name of the assignor for the use of the assignee, or not, the rule is the same. Barbour on Set-Off, 63-4.
It seems that Brown was notified of the assignment in January, 1841. In March or April, 1841, it appears that three members of the savings institution took up what notes Brown, the defendant, then held on the company. This was a strong circumstance, tending to show that he acquired the notes after notice of assignment.
On this ground the judgment must be reversed, and a new trial granted.
Reference
- Full Case Name
- Lake, use of Hall v. Brown
- Status
- Published