Public-domain · open source
OpenJurist

7 Ind. 680

Taylor v. Huff

Indiana Supreme Court

Decided June 18, 1856

Indiana Supreme Court · decided 1856-06-18

<p>APPEAL from the Grant Circuit Court.</p>

Good law ✅— No negative treatment on recordhow we know

Decided 1856-06-18

How this case has been cited

Cited by 5 later decisions — most recently October 1963

5 state decisions

30185618601870188018901900191019201930194019501960decided

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.

View the full empirical analysis of this case →

Perkins, J.

¶1Complaint to foreclose a mortgage. Foreclosure decreed.

¶2The defence set up was usury.

¶3The facts were that Taylor borrowed of Huff 265 dollars, for which he gave his note and mortgage at 10 per cent, interest. Of the 265 dollars, 88 consisted of notes *681which Huff held on Taylor’s brother, and which Taylor accepted as cash.

J. Brownlee and H. P. Biddle, for the appellant.W. March, A. Steel and H JD. Thompson, for the appellee.

¶4Taylor’s brother was insolvent, but Taylor knew his cirtt cnmstances better than Huff did, accepted the notes, and has never returned or accounted for them to Huff. Taylor was embarrassed at the time he borrowed the money, but not through any dealings with or agency of Huff. The mortgage was executed in 1841.

¶5The only question is, whether Taylor, having voluntarily taken up the notes of his brother, with full knowledge of all the facts affecting their value, and given his own note for the amount of them, can now dispute the consideration of his own note so given. We think he can not. He was competent to contract for himself. Why should the Court interfere ? Harvey v. Laflin, 2 Ind. R. 477.—Hardesty v. Smith, 3 id. 39.

¶6This case may seem to be similar to that of Marshall v. Billingsly, ante, p. 250, but we think it clearly distinguishable.

Per Curiam.

¶7The decree is affirmed, with 1 per cent, damages and costs.

/7/ind/680 · .json · Public domain