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16 S.C.L. 423

Hinds v. David

Supreme Court of South Carolina

Decided November 15, 1824

Supreme Court of South Carolina · decided 1824-11-15

This was an action brought .on anote of hand, given to plaintiff’s intestate by defendant. The defendant offered in evidence, by way of discount, the amount of a joint an.d several note of hand, given by intestate and defendant to one Campbell Sffibbs, and proved. by Stubbs, that the defendant subscribed the note as the security of intestate, and .that tlie amount of said note was paid by defendant, since the deatjh of intestate.

Decided 1824-11-15

¶1The opinionof the court was delivered by

Mr. Justice Hug eh.

¶2The act of 1759, authorises a defendant to give in evidence by way of discount,” any account “ reckoning, demand, cause, matte> or thing, provided they be mutual.” These words at least embracé credits-. The question then is, did the defendant, by becoming security to the note of the intestate, give him credit. The security would not have been required,had the credit of the intestate been sufficient. It was to give additional credit to the note, that'the defendant signed it. In giving credit to the note he gave credit to the intestate, and it is not improbable that he was induced to do so by the credk already given him by the intestate.

¶3This then is a case of mutual credit, and it is unnecessary to enquire how much more than mutual credit is embraced in the words of our discount act. See the case' of Assignees of Vaughn, vs. Smith, 3 T. R. 507, n. The motion is granted.'

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