Drake v. Stuart
This text of 54 N.W. 223 (Drake v. Stuart) 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
I. The following is a copy of the note upon which the suit was brought:
“$700. Ames, Iowa, September 1, 1877.
“Two years, after date, for value received, we, or either of us, promise to pay to the order of S. S. Drake seven hundred dollars, with interest, payable annually, at nine per cent, per annum.
“A. B. Thomas.
“A. U. Stuart, Surety.”
It appears that A. B. Thomas, the principal in the note, removed from this state to the state of Nebraska, [343]*343some time after the note was executed, and that he is still a nonresident of this state, being now a resident of the state of Oregon. After he left this state, he paid the interest on the note for several years, and in a series of letters written to the plaintiff, from the year 1882 to 1890, he admitted that the note was unpaid, and promised to pay the same. It is claimed by the appellant that these admissions are binding, not only on Thomas, but upon Stuart, the surety. The district court was of the opinion that this claim of the plaintiff was not well founded, and this is the only real question in the case.
Section 2539 of the Code is in these words: “Causes of action founded on contract are revived by an admission that the debt is unpaid, as well as by a new promise to pay the same; but such admission or new promise must be in writing, signed - by the party to be charged thereby.” The language employed in reference to the new promise is explicit. It is absolutely necessary that the admission or new promise must be “signed by the party to be charged thereby.” The defendant did not sign any of the writings by which he is sought to be charged. This appears to us to be decisive of the question; and this is the rule by the great weight of authority, even under statutes of limitation providing that part payment will arrest the operation of the statute. See 13 Am. and Eng. Encyclopedia of Law, p. 762. In view of the express requirement of our statute that the party to be charged must sign the instrument, it is unnecessary to further consider the question.
We discover no error in the record, and the judgment is AFFIRMED.
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54 N.W. 223, 87 Iowa 341, Counsel Stack Legal Research, https://law.counselstack.com/opinion/drake-v-stuart-iowa-1893.