Taylor's adm'r v. Bank of Alexandria
Taylor's adm'r v. Bank of Alexandria
Opinion of the Court
The court is of opinion, that there is no error in the judgment.
If the object of the demurrer to the declaration was, to try the right of a foreign corporation to sue, that right is settled by the case of Bank of Marietta v. Pindall, 2 Rand. 465. in which my brother Cabell has, with his accustomed clearness, established the affirmative of the proposition, upon the soundest reason, even if it could have been doubted, since the case of Henriques v. Dutch, West India company, 2 Ld. Raym. 1532. where a judgment having been rendered for the company, it was, on a writ of error in parliament, assigned for error, that a foreign corporation could not sue; but the judgment was affirmed, thus affirming also the right to sue. 2 Bac. Abr. Corporations. E. 2. p. 12. There could be nothing then in this objection. If the object of the demurrer was to assert the necessity of presentment and demand at the bank of Alexandria, that objection is conclusively met by the fact, that the promissory note was not payable there, though it was negotiable there; Barrett v. Wills, 4 Leigh 114. If the defect for which the defendant demurred, was any want of form in pleading the acts of congress for the continuance of the corporate powers of the bank, two answers present themselves: 1. that it was not necessary to set forth in the declaration, how the company was incorporated, but it would have been sufficient for the plaintiffs, on the general, issue, to prove their incorporation; Grays v. Turnpike Company, 4 Rand. 578. following the long established principles of the english courts: 2. even if it had been necessary, the most that can be said is, that it has been informally pleaded; and upon the general demurrer here, the defendant could not take advantage of want of form. The fact of the incorporation, and the continuance of the charter, is substantially alleged.
Then as to the exceptions. It was moved to exclude the acts of congress as evidence; first, because they were not
Lastly, it was designed, we suppose, by the demurrer to evidence, to present the question whether Thompson’s bond was not a discharge of the demand against Taylor. On this point too we are agreed, that as it was not proved that it was accepted as a satisfaction, or that it had been paid, it did not extinguish the demand against Taylor. Thompson was a mere guarantee; and the contract of a guarantee or surety, or other person only collaterally bound, though under seal, does not by operation of law, extinguish the debt of the principal. White v. Cuyler, 6 T. R. 176. The admission that the guarantee is only collaterally bound, implies that the principal still remains directly bound. Taylor's estate is certainly indebted to somebody. It was confessedly indebted to the bank; and, unless Thompson's bond was accepted as a discharge, or has been paid by Thompson, Taylor's estate is certainly not yet indebted to him, and must, therefore, continue indebted to the bank.
Judgment affirmed.
New York edi. of 1820.
Ingraham's edi. Boston, 1828.
Reference
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- Taylor's adm'r v. The Bank of Alexandria
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