Bank of North America v. Meredith

U.S. Circuit Court

Bank of North America v. Meredith

2 F. Cas. 665, 2 Wash. C. C. 47

CourtUnited States Circuit Court

DecidedApril 15, 1807

StatusPublished

Cited by1 cases

This text of 2 F. Cas. 665 (Bank of North America v. Meredith) is published on Counsel Stack Legal Research, covering United States Circuit Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Bank of North America v. Meredith, 2 F. Cas. 665, 2 Wash. C. C. 47 (uscirct 1807).

Pincite

Opinion

WASHINGTON, Circuit Justice.

Both law and equity are against the plaintiffs. Upon the strictest principles of law, the plaintiffs have lost their election. The deed from the canal company made a specific application of these funds to both debts; and the bank, by the two accounts, understood it in this way. [666]*666and applied the proceeds to the two bills. To attempt to vary this application, after the failure of Rus ton, cannot now be permitted. Those payments, therefore, must be applied to both, in proportion to their amounts.

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WASHINGTON, Circuit Justice.

Both law and equity are against the plaintiffs. Upon the strictest principles of law, the plaintiffs have lost their election. The deed from the canal company made a specific application of these funds to both debts; and the bank, by the two accounts, understood it in this way. [666]*666and applied the proceeds to the two bills. To attempt to vary this application, after the failure of Rus ton, cannot now be permitted. Those payments, therefore, must be applied to both, in proportion to their amounts.

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Bluebook (online)

2 F. Cas. 665, 2 Wash. C. C. 47, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bank-of-north-america-v-meredith-uscirct-1807.

Opinion

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