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3 D.C. 146

King v. Thompson

Decided May 15, 1827

In equity. Exception was taken to the auditor’s report, in which a claim of the Bank of Columbia against an indorser was rejected, because the bank had given time to the makers of the note, after judgment against the indorser. cited Bay v. Tallmadge, 5 Johns.

Relies on Pain v. Packard · Trimble v. Thorne · Lenox v. Prout

Decided 1827-05-15

¶1The Court was of opinion that the indorser was not discharged, and sustained the exception to the report.

¶2In the case of Bay v. Tallmadge, 5 Johns. Ch. R. 315, Chancellor Kent says : — “I am not aware of any case that has ever imposed upon the creditor the necessity of peculiar diligence against the principal, on the ground of the still existing relation of principal and surety, after judgment and execution against the bail or the surety. It becomes too late, then, to inquire into the antecedent relations between the parties. Those relations become merged in the judgment. This was expressly declared to be the case, as between the holder and maker and indorser of a promissory note, by the Supreme Court of the United States, *147in Lenox v. Prout, 3 Wheat. 520.” See also 3 Wheat. 157, in notis; Fulton v. Matthews, 15 Johns. 433; Shubrick's Executors v. Russell, 1 Desaussure’s Rep. 315; Pain v. Packard, 13 Johns. 174; Rutledge v. Greenwood, 2 Dess. Rep. 389; Commissioners of Berks v. Ross, 3 Binney’s Rep. 20; Trimble v. Thorne, 16 Johns. 152.

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