October 5, 2012

Colyer's Adm'r. v. Craig & Smith, Rockcastle, 1850

Colyer's Adm'r. vs Craig & Smith.


50 Ky. 73; 1850 Ky. LEXIS 21; 11 B. Mon. 73

December 21, 1850, Decided


DISPOSITION: Decree affirmed.

COUNSEL: B. Monroe for plaintiff; Bell for defendants. 




 [*73]  CHIEF JUSTICE MARSHALL delivered the opinion of the Court.

THE insolvency of Cox while he held the note on Craig & Smith and ever since, is an equitable ground for setting off against the note the demand upon COX which Craig & Smith held before he assigned the note to Colyer. This ground is sufficiently established by the evidence, as is also the fact that the demands claimed to be set off were held by Craig & Smith before the assignment of their note to Colyer.

Of these demands three were evidenced by assigned notes, and the assignors were not necessary parties. A fourth is the note to J. L. Adams, not assigned, but his answer admits the sale of it to Craig & Smith. A fifth and sixth consist of two executions in favor of W. Jones, and purporting to be assigned by him to Craig & Smith. As this assignment did not pass the legal title, Jones was in strictness a necessary party. But as the executions amount only to about ten or eleven dollars, and Jones in his deposition proves the assignment, thus in effect securing the [**2]  object of making him a formal  [*74]  party, the decree will not be reversed for the failure to bring him before the Court as a defendant. And as it appears that the aggregate amount of the claims above enumerated, with interest up to the maturity of the note of Craig & Smith, comes within less than a dollar of the sum allowed as a set off, which deficit is compensated by an excess in the ten per cent. damages allowed upon interest accruing after the date of the injunction, we are of opinion that the failure to bring before the Court the assignors of other claims not necessary to make up the set off allowed, is no ground of reversal. And that there is no error in the proceedings to the prejudice of Colyer's administrator.

Wherefore the decree is affirmed.

No comments:

Related Posts Plugin for WordPress, Blogger...