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30 Ind. 129

Piersol v. Grimes

Indiana Supreme Court

Decided November 15, 1868

Indiana Supreme Court · decided 1868-11-15

<p>Promissory Note. — Full Indorsement. — Alteration of. — If a full indorsement of a promissory note be changed by striking out the name of tlio indorsee and inserting that of another person, without the consent of the indorser, such other person cannot, as indorsee, maintain an action against tho indorser.</p> <p>Spoliation of Written Instrument. — The spoliation of an instrument by a stranger, without tho knowledge or consent of the parties in interest, cannot change the rights or liabilities of those parties.</p>

Relies on Grimes v. Piersol

Good law ✅— No negative treatment on recordhow we know

Decided 1868-11-15

How this case has been cited

Cited by 7 later decisions — most recently May 1942

7 state decisions

30186818701880189019001910192019301940decided

Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.

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Frazer, J.

¶1Piersol sued Grimes upon the assignment of a promissory note, alleging the assignment to have been made by indorsement to Barton (who is made a party to answer to his interest), and that Barton afterwards transferred the note and . indorsement by mere delivery to the plaintiff, and that some one, without the knowledge or consent of the 'plaintiff, had erased the name of Barton in the assignment and inserted the name of the plaintiff.' The complaint also alleged facts showing due diligence in prosecuting the maker of the note to insolvency,. &e. A demurrer to the complaint was sustained below,’ and error- is assigned upon that ruling.

¶2The opinion of this court in this case when formerly here (25 Ind. 246) is relied on to support the ruling-of' th&court below. The last sentence of that ©pinion,, if wrested from the connection and from the point then underconsi'd'erati'on, would give some countenance to the position assumed. But that is not a fair construction of the language.. It must be applied to the question then under consideration, which was merely whether Piersol could sue as indorsee^ the-indorsement having been changed without Grimes7' consent by striking out the name of Barton and inserting- that of Piersol. It was not intended to say more- than merely to give a negative solution to that question.

¶3But we have now a very different question. It is-whether *130the spoliation of an instrument by a stranger, without the knowledge or consent of the parties in interest, can change the rights or liabilities of those parties. Certainly, it cannot. Ho member of this court has ever entertained a doubt upon that question, and on principle it is difficult to find any ground for a difference of opinion upon it.

P. S. Kennedy, for appellant.■8. G. and L. B. Willson, for appellee.

¶4Judgment reversed, with costs, and the cause remanded, with directions to overrule the demurrer.

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