¶1William S. T. Morton .sued Lazarus Noble, and the other defendants, alleging, in substance, that on December 31,1857, the said Morton and Lazarus Noble entered into the following written agreement, viz.:
¶2“ Whereas, Lazarus Noble has this day assigned and transferred to William S. T. Morton two notes of Thos. Q. Noble, calling respectively for $1,306.87, and $493.19, which are secured by mortgages on the iarm of said Thos. G. Noble; in consideration whereof the said William S. T. Morton has executed to said Lazarus Noble his notes, of this date, as follows : $1,000 payable in 12 months, and $500 payable in 18 months. Now it is agreed between said Lazarus Noble and W. S. T. Morton, that said W. S. T. Morton is not to enforce the collection of said notes against the said Thos. G. Noble, or either of them, until the notes given by him to Lazarus Noble, as aforesaid, shall be demanded in writing. And if said Morton shall, at any time, enforce his claim against the farm aforesaid, he shall become liable to pay said notes for $1,500. The said Lazarus Noble binds himself not to transfer said notes, or either of them.
¶3(Signed,) “Lazarus Noble.
¶4“ William S. T. MortonP
¶5ilDecember 31, 1857.
¶6It is averred that the notes, thus given by Morton to Lazarus Noble, have been transferred to the other defendants, who, as the plaintiff fears, will institute proceedings to collect them; that the two notes on Thos. G. Noble are of no value, the said Thomas being dead, his estate insolvent, and the mortgaged, premises being insufficient in value to pay prior liens thereon; that the plaintiff has made no effort to collect the same, and he offers to surrender them up in exchange for his own notes. Prayer, that the notes thus given by Morton to Lazarus Noble may be surrendered and canceled, and that the defendants be restrained from transferring, &c.
¶7A preliminary injunction was granted, which, on motion of the defendants, was dissolved, and a demurrer was sus*510tained to the complaint, and final judgment rendered for the defendants. The plaintiff appeals, and assigns these rulings for error.
¶8(1.) Petition for rehearing filed February 5,1861, and overruled May 21,1861.
¶9We are of opinion that the rulings below were right.
¶10The notes given by Morton to Lazarus Nolle were based upon a good consideration, viz.: the transfer, by the latter to the former, of the notes and mortgage against Thomas G. Nolle. The agreement between the parties, above set out, does not, as we think, make the liability of Morton to pay the notes given by him, depend upon his enforcing the collection of the notes against Thomas G. Nolle.
¶11If either of the parties to the agreement have violated its terms, an action may lie to recover whatever damages the other may have sustained thereby; but such breach does not affect the right of the other party to the notes thus given, and those thus transferred.
¶12The notes thus given to Lazarus Nolle could be legally transferred by him, and, if in making such transfer he has broken the agreement, he may be liable for damages; but the agreement could not affect the validity of the transfer.
¶13The judgment below is affirmed, with costs.