Mosely v. Graydon
Mosely v. Graydon
Opinion of the Court
The grounds for new trial were not pressed; the defendant’s attorney said he did not desire a new trial, he only wished the Court to express an opinion.
The grounds for nonsuit are those alone to be considered. I will reverse their order. Can one of two administrators transfer a note belonging to their intestate, by indorsement ? That he can is plain both from reason and authority. By law. the intestate’s goods, chattels and credits are vested in both and each of the administrators. This legal interest carries with it the right to collect and receive, jointly and severally, the assets of the estate. Whatever is done by one is done by. both. In this respect, (their joint liability,) I have always thought there was a great difference between executors and administrators. The association of executors is not voluntary, nor do they acquire their authority from a joint personal’ application for it. They derive their authority from the will.
The testator’s act, not their’s, is that which joins them together. Hence executors are not jointly liable for each other’s acts, no further than they have concurred. But administrators must be, for they come together jointly, by their own act, and they enter into a bond, joint and several, with sureties, for their faithful administration. It follows that however. as between themselves, they may be severally liable, as to every body else they are jointly liable, for all their acts.
This being so, the indorsement of a note by one is, as to the disposition of a part of the estate, a transfer binding on both, and therefore there is no room for the legal validity of the transfer, by any one, to be disputed; none, especially, for it to be disputed by the maker, whose only interest is to know, that he is discharged, when he pays the note. If a payment to one administrator, and a delivery by him of the note, would discharge the maker, there seems to be no reason to doubt that an indorsement of the note by one could not be by him (the maker) disputed. For the indorsement by one administrator and the delivery of the note to the indorsee, certainly carries with it all the rights which the^indorsee had to receive. In the case of Gage v. The administrator of Johnson, the Court went further than I have stated the law. For in it they held, thdt a receipt by one administrator, in satisfaction of a note payable to the administrators, but not in his possession, was a good and valid release of the debt. In the case of Geddes v. Simpson and Morrison, a note made by the defendants to Wm. Gist, was, after his- death, by one of the executors, transferred to the plaintiff. The power to
The next thing to be noticed is the objection, that this writing of indorsement is not on the note but on a separate paper. Although the term “ indorsement,” in its strict definition, would seem to be a writing on the back of a bill or-nóte, yet it is now settled, if it be on the face, or on an annexed piece of paper to the bill or note, called an allonge, it is sufficient. In Volger v. Chase, it was held that an in-dorsement written on a paper attached to the back of a note, by a wafer, was a good indorsement. In that case the Court say, there is no authority against such a writing operating as an indorsement, and therefore held it “ to be a legal transfer of the note.” In this case, the writing is not annexed to the note, or attached to its back by a wafer, but it contains a description of the note, which the jury, to whom it was left,
“$>134,53. On demand I promise to pay Martin Roddy & Son, or order, one hundred and thirty four dollars 53-100, for value received.”
.It was supposed that the assignee might be regarded as clothed with the legal estate, and right of action, under the Insolvent Debtors, or Prison Bounds Act, and under the Act of ’98. In that case, however, the Court felt it was resorting to rather difficult and remote analogies, under the Acts to which I have referred, and they therefore chose to say that as the legal right was in the plaintiff, and as there was nothing in the law which prohibited him from suing in his own name, he might do so, styling himself as-signee. In this case, the same thing may be said, and the same result will follow. In it, I am prepared to say, as 1 did in Ferrell v. Paine, “ untrammelled by precedent and acting upon a cardinal principle of justice, that technical forms are not to be extended beyond settled rules to the prejudice of right.” — the indorsee of a note claiming the same under a separate writing, which identifies the note in such a way as to satisfy the Court and Jury, may sue and recover as in-dorsee.
The motion for nonsuit or new trial is dismissed.
Motion refused.
Reference
- Full Case Name
- Theodore Mosely v. Sterling Graydon
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- 2 cases
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- Published