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46 Ala. 200

Wright v. Stott

Supreme Court of Alabama

Decided June 15, 1871

Supreme Court of Alabama · decided 1871-06-15

Tried before Hon. P. O. Harper. At a sale of the personal property of the estate of James Craigg, made by his executors in 1860, the appellants purchased a mule and gave their promissory note therefor, payable to the executors on the 1st of March, 1861, In 1864 the appellant, Wright, paid the note with Confederate currency, which one of the executors agreed to receive, on the condition that Wright, who was the administrator of Wm.

Relies on Ponder v. Scott · Houston v. Deloach

Decided 1871-06-15

B. E. SAEEOLD, J.

¶1The charge can only be sustained . on the assumption that Wright’s acquisition of the note was in consideration only of his payment of the Confederate currency, and that this amounted to nothing at all. Such is not a proper application of the principles governing the use of Confederate currency as declared by this court. Under certain circumstances an executor or administrator is entitled to credit for assets of the estate he represents collected in this currency. Houston v. Deloach, 43 Ala. 364. A party can not of his own volition repudiate an executed contract made with him, as the executor, Henry, attempted to do in his final settlement. Ponder v. Scott, 44 Ala. 241. *204It was not shown' that the plaintiff had exhausted his remedy against the executor or that he was insolvent.

¶2On the other hand, Wright made himself responsible to the estate he represented for the amount of the debt. He gave other consideration for the note than the Confederate currency. He acknowledged payment to him of part of the interest of his intestate. This was the real and sufficient consideration of the contract between him and the executor of James Oraig. The note was mere evidence of a debt, which the parties, authorized to do so, settled. They became responsible to their respective beneficiaries for the settlement made.

¶3The judgment is reversed and the cause remanded.

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