Gadsden v. Gasque
Gadsden v. Gasque
Opinion of the Court
delivered the opinion of the Court.
It is not affirmed in the affidavit of Gasque, that the amount claimed by Gadsden, and which he is proceeding to collect under the judgment and execution, is not in fact due to Gadsden ; and the account current between the parties, showing a balance for more than the amount of the judgment, was produced at the argument of the case at Chambers, and admitted in evidence, without objection. The ground assumed in the affidavit and argument, for staying the execution, is, that the bond and judgment confessed therein, import an obligation to repay Gadsden’s acceptances to the amount of five thousand dollars, and no more; and that by cash payments and credits for negroes sent to Gadsden for sale, he has been repaid the first acceptance for five thousand dollars, by which payment the judgment is satisfied. This statement presents a question of law on the construction of the condition of the bond, whether the penalty is a security only for acceptances to the amount of five thousand dollars, or a continuing security for future acceptances. On this point it is only necessary to support the construction of the Circuit Judge, by citing the authorities referred to in his opinion.
In Williams v. Rawlinson, 3 Bingh. 71, the condition of the bond was, that the principal obligor should, “from time to time,” and at all times thereafter, reimburse to the obligees all sums of money which the obligees should, within ten years, advance or pay on account of accepting and paying any drafts which the principal obligor should, “from time to time draw” on the obligees — it was moved, in arrest of judg-
The motion is dismissed.
Motion refused.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.