Durand v. Trusdell
Durand v. Trusdell
Opinion of the Court
The opinion of the court was delivered by
The plaintiff, James M. Durand, recovered a j udgment in this court against the defendants on a promissory note for $1500, made by Trusdell, payable to the order of Lyon, and endorsed by him, dated February 4th, 1879. After the judgment was obtained, Lyon paid it to the plaintiff,, and now moves for the benefit and control of the judgment for the purpose of compelling repayment from the defendant. The depositions taken show that Trusdell was primarily liable on the note, and Lyon was an accommodation endorser.. The defendant Trusdell, for cause against the rule, shows that there have been large transactions between him and Lyon for several years in notes and real estate, and claims that upon a settlement of their affairs, there is no balance due Lyon, and no liability to him for his payment of this note. On the other hand, Lyon alleges ■ that Trusdell is largely indebted to him. The statute provides for the settlement of this dispute between the parties, in the last clause, which says that on this application, the court or judge may order an issue to try the question in controversy. The object of the statute as expressed in its terms is, that if the judgment is paid by the defendant secondarily liable, he shall have the benefit of the judgment obtained by the plaintiff, so as to avoid the expense and delay of a new action against the defendant primarily liable; and further, that he may have the advantage of the lien and security of the judgment, and have execution thereof
Reference
- Full Case Name
- JAMES M. DURAND v. WARREN N. TRUSDELL AND DANIEL M. LYON
- Status
- Published