Laud v. Wallace
Laud v. Wallace
Opinion of the Court
delivered the opinion of the court.
This was an action upon a promissory note made by the defendants to the plaintiff.
The defendants pleaded, 1st. That the note was obtained by fraud, in concealing a defect in the title to property conveyed in consideration of the note; and that the consideration had wholly failed. 2d. That on the 29th of March, 1854, the plaintiff entered into an agreement with J. & R. Wallace, for whose benefit the note was executed, by which the note was cancelled. 3d. That by virtue of said agreement, the note had been fully paid and discharged.
Upon the trial, after the note had been read by the plaintiff, the
The plaintiff then introduced several witnesses, who proved that when the parties were taking an invoice of the goods under the written agreement between them above mentioned, they disagreed as to the price of the goods, and that both of them agreed to abandon that contract; that Robert Wallace continued in possession of the store-house and lots for some months thereafter, and then gave possession to one Black, who set up claim to the same, and that the plaintiff did not get possession; that Wallace also continued in possession of the goods, and sold them for his own use.
Upon this evidence, the jury found for the defendants, and the plaintiff has prosecuted his writ of error.
It is most manifest that this verdict is wholly unwarranted by the evidence. There is nothing to show that thé note sued upon was not executed upon a good and sufficient consideration; and there appears to have been no effort on the trial to impeach the original consideration.
The defence is placed entirely upon the ground that the note was rescinded by the written agreement made between the plaintiff and the Wallaces, in March, 1854. But that agreement was executory, and the discharge of the notes mentioned in it was to depend upon the condition, that the Wallaces should convey to the plaintiff their interest in the store-house and lots, and deliver pos
The judgment is reversed, the verdict set aside, and the cause remanded for a new trial.
Reference
- Full Case Name
- Rutherford C. Laud v. Robert Wallace
- Status
- Published