Sharp v. Fagan
Sharp v. Fagan
Opinion of the Court
delivered the opinion of the Court.
At the March Term, 1855, of the Circuit Court, for the county of Gibson, the plaintiff in error presented his petition for writs of certiorari and superse-deas ; the petition was granted by the Court and said writs issued. The petition sets forth, that on the 14th day of January, 1854, Fagan recovered a judgment,
The only question presented is, was this such an agreement as would discharge the security for the stay of execution? -To have that effect the contract must be such as would bind the parties, and such as the Courts could enforce.
What consideration did the plaintiff receive for the indulgence he agreed to give? He received twenty-five dollars in part payment of his judgment, upon which he had the right to have his execution, not for the twenty-five dollars alone, but for the whole amount. Suppose Elliott had not paid the ten dollars he agreed to pay on the 6th December, 1854, did the plaintiff by this agreement obtain any better or additional remedy for its collection than he had before?
While we fully admit the principle, that a valid agreement for delay, entered into between the principal and the creditor, will release the surety, we do not think that there is any such agreement in this case.
The Circuit Judge having taken this view of the subject, we affirm the judgment.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.