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5 Johns. 268

Johnston v. Brannan

New York Supreme Court

Decided February 15, 1810

New York Supreme Court · decided 1810-02-15

THIS action was brought against the defendant ■ as ^rst endorsee of a promissory note, dated 24th November, 1807, made by John Jackson, for 933 dollars and 40 cents, payable to Brannan or order, sixty days after date, and endorsed by him to Isaac Riley, and by Riley to Samuel Hunter, and by him to the plaintiff. The de fendant pleaded, 1.

Good law ✅— No negative treatment on recordhow we know

Decided 1810-02-15

How this case has been cited

Cited by 14 later decisions (1 by the Supreme Court) — most recently July 1955

12 state decisions

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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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Per Curiam.

¶1Though the general rule is, that payment of a less sum, after the debt is due, in satisfaction of the debt, is not good, by way of accord and satisfaction, yet that rule ought not to be applied to a case like the present, where the payment which was accepted in satisfaction, exceeded the principal sum in the note, and only fell short about 2 dollars, in the calculation of interest. The question as to the time to which interest is to be computed is flexible, and depends much upon circumstances preceding and attending the settlement of parties. They are not apt to be precise as to a day, and to a cent, in the computation of interest. In many cases interest is uncertain damages, and ought not to be considered as a part of the debt, within the purview of that rigid and rather unreasonable rule of the old law. And as to the costs, we have heretofore ruled, (1 Caines, 66.) that the settlement by the party of the debt, without noticing the costs, leaves the costs to be borne by each *272party. The case of Tillotson v. Preston (3 Johns. Rep. 229.) goes to establish the validity of the plea upon both the points which are here suggested,

¶2Judgment for the defendant.

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