Whitcomb v. Whittemore
Whitcomb v. Whittemore
Opinion of the Court
The opinion of the court was delivered by
When Farris and wife sold the farm on which the mortgage given by them to Matteson was resting, they sold it subject to that mortgage. When their grantees sold it to the orator Bean, they recognized their liability to pay the Farris notes to Matteson, and in the exchange of farms with defendant Whittemore, left in his hands funds to pay the Farris notes and mortgage to Matteson, under an agreement that he would pay said notes, and save the Farris farm therefrom. The performance of this agreement was secured by a mortgage from him on the Bean farm, which they then conveyed to the defendant Whittemore. The condition of the mortgage is that Whittemore shall and will pay the two Farris notes, therein describing them particularly. This promise from Whittemore is not in terms to any one, but by legal intendment to the holder of the Farris notes. On these facts, Whittemore, in legal effect, became the principal, whose primary duty it was to pay the Farris notes. As between Mrs. Farris, her grantees, and Whittemore, she was but a surety thereafter for the payment of the notes. His promise to pay them was for full consideration, in writing, contained in the condition of the mortgage signed by him and in equity, at least, enured to the benefit of the holder of the Farris notes, though the security for the fulfillment of the promise was taken to Bean, who by the same transaction became the owner of the Farris farm, on which the notes were also secured. While matters were in this position, it cannot be doubted,
■ The decree is affirmed and cause remanded.
Reference
- Full Case Name
- ALBERT WHITCOMB AND JOHN BEAN v. WILLIAM WHITTEMORE AND OTHERS
- Status
- Published