Waters v. Carleton

¶1— This was an action of as-sumpsit, founded upon an instrument in writing, of which the following is a copy—

¶2“ Messrs. Goldthwaile and Campbell :

¶3“ Pay to J. SC. T. Walker, two hundred and thirty-eight dollars and forty-eight cents, out of any monies you may collect in the case, in which Hiram Cheeseborough is plaintiff and James Pritchard is defendant, and this shall be your receipt for the same.

¶4“ (Signed) P. WATERS.

¶5“January 17, 1833.”

¶6The declaration avers the acceptance of the order, iby Goldthwaite and Campbell, according to its terms; its transfer by delivery to the plaintiff; the ¡return of nulla bona, against Pritchard, and notice to the defendant: to which there was a general demurrer, which was overruled, and judgment final for the plaintiff, the défendant having failed to plead over.

¶7The question is, whether this is such an instrument, as is the foundation of an action. It is evident •'that it is not a bill of exchange, which is an order for the payment of money absolutely. By the terms of this instrument, the payment is to depend upon a contingency, which may never happen. The sufficiency of the fund in this case, having failed, the order has become invalid*

¶8*207In a case,*the Court held, that the bill being drawn on a particular fund, it would not make the drawer personally liable, and therefore, it is not a bill of exchange within the custom of merchants ; for it is essential'to such a bill, that it depends upon the personal responsibility of the parties whose names are on it.

¶9Neither is it such an -instrument as comes within the statute,† relating to the assignment of bonds, bills, &e., which authorised suits, as in cases of inland bills of exchange.

¶10It is, at most, but an appointment, or authority, to the person, to whom it is addressed, to pay so much money out of a particular fund, which, if they refuse to do, no recourse can be had on the instrument itself, against the drawer; but recourse must be had to the original debt, if any such existed, which induced the making of the appointment.‡

¶11Let the judgment be reversed.