Abel v. Alexander

45 Ind. 523
CourtIndiana Supreme Court
DecidedMay 15, 1874
StatusPublished
Cited by30 cases

This text of 45 Ind. 523 (Abel v. Alexander) is published on Counsel Stack Legal Research, covering Indiana Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Abel v. Alexander, 45 Ind. 523 (Ind. 1874).

Opinion

Buskirk, J.

This was an action by the appellant on a. note executed by Alexander as principal and Jennings and Brown as his sureties. Alexander defaulted. Jennings and.-. Brown each filed an answer in three paragraphs. A demurrer was sustained to the first paragraphs of these separate-answers, and overruled to the second and third of each, answer, to which latter ruling there was an exception. There-was a reply in denial. '

There was a trial by the court, and a finding in favor of Jennings and Brown.

The court overruled the appellant’s motion for a new trial,, and rendered judgment on the finding.

The appellant has assigned for error:

1. The overruling of the demurrers to the second and' third paragraphs of the separate answers of Jennings and? Brown.
2. The overruling of the motion for a new trial.
[524]*5243. The overruling of the motion of the appellant to dismiss the action as to Jennings and Brown.

The action of the court in overruling the demurrers to the .second and third paragraphs of the separate answers presents •■the first question for our decision.

The second and third paragraphs of the answer of Jen-nings were as follows:

“ Par. 2. And the said defendant William H. Jennings, .for further separate answer to the complaint herein, says that the sole consideration1 for the execution of the note sued ■on was received by the defendant Armstrong Alexander, and that said note was executed by said Alexander as principal, and by his co-defendants-as sureties; of all of which said facts plaintiff had full notice at the time of the ■•execution of said note; that afterward, to wit, on the 29th ■day of March, 1871, said defendant Armstrong Alexander paid upon the principal of said note the sum of three hun- ■ dred dollars, and at the same time paid upon said note the .further sum of thirty-seven dollars and fifty cents, as and for the interest due thereon from the date thereof up to the time of said payment, and at the same time agreed and contracted with the plaintiff that he would continue to pay plaintiff interest upon the balance due upon the principal of said note, at the rate of fifteen per cent, per annum until the summer of the year of 1871 ; in consideration of which said •payment and promise of said Alexander, said plaintiff, with-out the knowledge or consent of this defendant, or of his •co-defendant Nicholas Brown, then and tiñere agreed with said .Armstrong Alexander, that she would extend the time for ■••the payment of the balance due on said note until the summer of the year 1871 aforesaid; wherefore defendant ■demands judgment, etc.
“Par. 3. And the defendant William H. Jennings, for further separate answer to the complaint herein, says that the ■ sole consideration for the execution of the note sued on was •■received by his co-defendant Armstrong Alexander; that ;the said note was executed by said Alexander as principal, [525]*525and by his co-defendant, as sureties only; of all of which said facts plaintiff had full notice at the time of the execution of said note; that afterward, to wit, on the 29th day of March,. 1871, said defendant Armstrong Alexander paid upon the principal of said note the sum of three hundred dollars, and. at the same time paid upon said note the further sum of' thirty-seven dollars and fifty cents, as and for the interest-due thereon from the date thereof up to the time of said' payment; and at the same time agreed and contracted with plaintiff that he would continue to pay plaintiff interest upon, the balance due upon the principal of said note, at the rate: of fifteen per cent, per annum during the summer of the year 1871; in consideration of which said payment, and the' promise of the said Armstrong Alexander, said plaintiff, without the knowledge or consent of this defendant, or his. co-defendant Nicholas Brown, then and there agreed and contracted with said Alexander that she would extend the time-for the payment of the balance due on said note during the-summer of the year 1871, aforesaid; wherefore defendant, demands judgment,” etc.

The second and third paragraphs of the answer of Brown,were as follows:

“Par. 2. And for a further and second paragraph herein,, this defendant says that he ought not to be held to pay the note sued on in this case, because he says that after the-maturity of said note, by an agreement between the said/ Armstrong Alexander and the said plaintiff] and -without the knowledge or consent of this defendant, the said plaintiff' extended the time of payment of said note, in consideration/ of the payment of fifteen per cent, interest thereon fron.1 the date of maturity until the summer of 1871. And this defendant avers that said note was given to the plaintiff by the defendant Alexander for one thousand dollars, the said> defendant Alexander as principal, and this defendant and his co-defendant Jennings as indorsers; of all of which the ■plaintiff had notice; wherefore this defendant says that he: •demands judgment, etc.
[526]*526Par. 3. And for a further and third answer herein, this ¡defendant says that he ought not to pay the note sued on in this cause, because he says that he signed said note with his ■co-defendant Jennings as indorsers for said A. Alexander, who signed the same as principal and received the money therein, of which the plaintiff had notice; that afterward, when the said note became due, the plaintiff and defendant ■verbally agreed, in consideration of the payment of fifteen ;per cent, interest on said note, to extend the time of payment thereof from the date of maturity until the fall of 1871; wherefore this defendant demands judgment,” etc.

The substance -of the second paragraph of Jennings’ ranswer is, that he and his co-defendant executed the note as .sureties for Alexander; that on the 29th of March, 1871, Alexander paid on said note the sum of three hundred and thirty-seven dollars and fifty cents, three hundred dollars "being paid on the principal, and thirty-seven dollars and fifty cents as and for the interest up to that date; and that the .-appellant, in consideration of the agreement and promise of Alexander to continue to pay interest on said note at the rate ■ of fifteen per cent, agreed to and did, without the knowledge ■or consent of himself or co-defendant, extend the time of payment of the principal of said note until the summer of 1871.

The third paragraph is the same as the second, except it iis alleged that the appellant extended the time of payment ■during the summer of 1871.

The second paragraph of the separate answer of Brown ■alleges, in substance, that the note was executed by Alexander as principal, and himself and co-defendant as sureties ; ■and that the appellant, after the maturity of the note, in consideration of the payment of fifteen per cent, interest thereon -from the date of maturity until the summer of 1871, with•out the knowledge or consent of the sureties, extended the •time of payment of such note until the summer of 1871.

The third is the same as the second, except in the third it "is alleged that the agreement was verbal, and that the time was extended until the fall of 1871.

[527]*527Two questions are presented for our decision:

1st.

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Bluebook (online)
45 Ind. 523, Counsel Stack Legal Research, https://law.counselstack.com/opinion/abel-v-alexander-ind-1874.