Craswell v. Pure Bred Cattle Commission Co.
This text of 148 Iowa 9 (Craswell v. Pure Bred Cattle Commission Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
The evidence tended to show that the defendants received plaintiff’s cattle for sale and sold them on plaintiff’s account, H. R. Ryan, the -manager of the partnership, acting for the firm in the transaction; that about eight months after the sale was made, and after plaintiff had repeatedly demanded payment from defendant, H. R. Ryan, acting as manager, the plaintiff accepted from Ryan his personal note for the amount due to plaintiff from defendants; and that this note, which was past [11]*11due before this action was instituted, had never been paid and was still in the possession of the plaintiff. A return of Evan’s note was tendered.
of a claim as against the other partners. This question is easily answered. The acceptance of the note of one of two or more debtors jointly and severally bound does'not pre-' sumptively constitute a settlement of the claim. McLaren v. Hall, 26 Iowa, 297; Edwards v. Trulock, 37 Iowa, 244. The claim of defendant that there was an express acceptance of the note in satisfaction of the amount due from defendants to plaintiff was not supported by the proof, and the mere receipt of the note does not give rise to any implication that it was received in settlement.
Some claim is made in argument that the transaction with H. E. Eyan constituted a merger of the indebtedness of the defendants, and also that it was a novation. Something further is said as to estoppel. But none of these matters were pleaded, and there was no evidence to support appellants’ contention oil these grounds. No discharge or satisfaction or release is to be implied from the mere acceptance of the note.
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148 Iowa 9, Counsel Stack Legal Research, https://law.counselstack.com/opinion/craswell-v-pure-bred-cattle-commission-co-iowa-1910.