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45 Me. 297

Stackpole v. Keay

Supreme Judicial Court of Maine

Decided July 1, 1858

Supreme Judicial Court of Maine · decided 1858-07-01

<p>K. and D. were jointly interested in carrying the United States mail on a certain route for four years from July 1, 1853. They were also joint promisors upon a note held by the plaintiff; and they mutually agreed that the plaintiff might collect the quarterly payments accruing on said contract, and apply the same to the note. — It was held that this fund was thereby set apart for that purpose; and that a subsequent agreement, between the plaintiff and one only of the parties, to appropriate the fund differently was void; and that the sums, as they were collected, quarterly, by the plaintiff, operated as payments upon the note.</p>

Decided 1858-07-01

¶1The opinion of the Court was drawn up by

Hathaway, J.

¶2The mail pay was due quarterly, the last quarter due July 1, 1851.

¶3It could be collected only through the plaintiff, he being the mail contractor. It was the joint property of the defendant and Drake, the defendant’s joint promisor in the note sued. The amount unpaid on the mail contract was five hundred and twenty-five dollars, which was all received by the plaintiff, or paid to his order j he should equitably allow it, on the joint note.

¶4The jury might well have found, from the circumstances and evidence in the case, that the mail pay was a fund set apart and appropriated for the payment of this note, (unless it should be otherwise, subsequently, appropriated by the consent of all the parties,) and, if so, the receipt of each quarterly payment of the mail pay, by the plaintiff, was a payment on the note. The verdict was right. Motion denied.

Tenney, C. J., Cutting, May, Goodenow, and Davis, J. J., concurred.
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