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27 Ga. 26

McCrary v. King

Supreme Court of Georgia

Decided January 15, 1859

Supreme Court of Georgia · decided 1859-01-15

Certiorari, from Muscogee county. Decision by Judge Worrill, at November Term, 1858. Bartly McCrary brought suit in a Justice Court against Tomlin King and Luke Dimond, on a promissory note, of which the following is a copy: $50. By the first day of November, we or either of us promise to pay Bartly McCrary, or bearer, the sum of fifty dollars, for value received, this February 18, 1857. (Signed,) ' TOMLIN KING, LUKE DIMOND.

Relies on Carhart, Bros. & Co. v. Wynn

Decided 1859-01-15

¶1*28By the Court.

Benning J.

¶2delivering the opinion.

¶3The judgment sustaining the certiorari, was clearly right, if McKendrce, the person, to whom the notice to sue, was given, was the person to whom that notice ought to have beeu given.

¶4McKendree held the note, as a collateral security. He was instructed by the owner of tho note, to apply the proceeds of if, when collected, to the payment of a demand held by himself, against the owner. This gave him the right to hold on to the note, as a security for this demand.

¶5This being so, he was the legal as well as the “actual holder” of the note; he and he only, was the person who had the right to bring suit upon it. He therefore was the person proper to be notified by a surety to the note, to sue the maker of it, under the Act of 1831, (Pr. Big. 471,) for that Act says, that “ where the security” to a note shall “require the holder thereof, to proceed to collect the same,” and the holder does not proceed to do so, within three months, the “security shall be no longer liable.”

¶6In Carhart, Bro. & Co. vs. Wynn, (22 Ga. 24,) the holder had no legal title to the note, asa collateral security; a thing which distinguishes that case from this.

¶7Judgment affirmed.

Judge MoDomjii.d, on account of illness, did not preside in this ease.
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