Brown v. Thompson
Brown v. Thompson
Opinion of the Court
delivered the -opinion of the court :
It was decided in the case of Russel vs. Lithgow, that the assignee of a bond may plead such bond in discount against his own bond, which is suer! in the name of the obligee, but on account of a third person who was the obligor of the assigned bond, offered in discount. In that case, in as much as Kershaw, the assignee of Lithgow’s bond, had sued in the name of Russel, there was reciprocal equity in allowing Lithgoio, the assignee oZ Jlncrum, to plead Kershaw’s bond in discount. The suit was really between Kershaw and Lithgow, who were reciprocally the assignees of each other’s bonds. But should we extend this principle by analogy, so far as to allow a defendant, whenever he is sued by bis creditor, to set up by way of discount, any unliquidated demand upon the plaintiff, which he the defendant may be able to obtain from any body, it would introduce collateral issues, and involve in vexatious litigation the plainest cases of acknowledged debt. The assignee of a bond, note,'or judgment, when he contracted for either, would have to en-quire, not merely into the state of an account between the assignor and his debtor, but whether the debtor might nqfc
The motion is therefore granted.
Reference
- Full Case Name
- Pollard Brown v. Wm. Thompson
- Status
- Published