Cherokee County v. . Meroney

92 S.E. 616, 173 N.C. 653
Supreme Court of North Carolina·Decided May 26, 1917·Published·Cited by 24 cases

Opinion

Walker, J.

The defense was, and defendants propose to show, that the note did not express the true contract between the parties, and that instead of being an unconditional promise to pay the amount of money specified in the note at the time stated, there was a very different agreement, in substance and effect, and as a part of the alleged agreement it was stipulated at the time that the defendants would not be required to pay until they had sold certain real estate. The plaintiffs held a judgment against defendants, as sureties of one T. N. Bates, former sheriff of the county, who defaulted in the payment of taxes collected by him, and could have issued execution at any time against defendants and collected the money due upon the judgment. The transaction between the parties really amounted to an agreement, as stated in the note, to extend the time of payment for twelve months, and the defendants propose to show that this was not the true agreement, but that they were to have a much longer time to pay, and, in fact, what might be an indefinite time.

We cannot see how this alleged agreement is supported by any sufficient consideration.' It is really a nudum pactum. The county was getting nothing by the arrangement, and, if possible, less than nothing, as the benefit was all on the side of the defendants, and the disadvantage all on the side of the county, and this was reversing the order of things, as the party to whom the promise is made should have the benefit, or the other party the disadvantage. • A contract has been defined as “an agreement,” upon sufficient consideration, to do or not to do a particular thing. Bl. Com., 442; 2 Kent Com., 449; Clark on Contracts (2 Ed.), p. 2. And it is more particularly defined as -follows: “Consideration is that which moves from the promisee to the promisor, at the express or implied request of the latter, in return for his promise. As the term is used in the law of contracts, it means a ‘valuable’ consideration; that is, something having value in the eye of the law. It may consist either in ‘some right, interest, profit, or benefit accruing to one party, or some forbearance, detriment, loss, or responsibility given, suffered, or undertaken by the other.’ ” The consideration to support a promise need not inure to the promisor; it is sufficient if it consists in a detriment to the promisee. Bank v. Bridgers, 98 N. C., 67. There is no detriment here to the defendants, as the benefit is all theirs, and there is nothing of value that goes to the promisors, who are the plaintiffs. There is a good consideration for the note, upon the authority of Baker *655 v. Walker, 14 Exch., 468, in wbicb it was beld: “Where a man who has a judgment debt takes from Ms debtor a promissory note for the amount, payable at a certain time, it must be inferred that be thereby enters into an agreement to suspend bis remedy for that period, and, if so, that is a good condition for the giving of the note.” This was approved in Bank v. Bridgers, supra, citing, also, Putnam v. Lewis, 8 Johns., 389; Frisbie v. Larned, 21 Wend., 450; Harshaw v. McKesson, 65 N. C., 688 (S. c. 66 N. C., 266). We need not consider in this connection the other position taken by the plaintiffs as to the lack of power in the county commissioners to make the alleged parol agreement to extend the time of payment.

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Cherokee County v. . Meroney, 92 S.E. 616, 173 N.C. 653 (N.C. 1917).

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