Griffin v. Bonham

30 S.C. Eq. 71
CourtCourt of Appeals of South Carolina
DecidedDecember 15, 1856
StatusPublished

This text of 30 S.C. Eq. 71 (Griffin v. Bonham) is published on Counsel Stack Legal Research, covering Court of Appeals of South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Griffin v. Bonham, 30 S.C. Eq. 71 (S.C. Ct. App. 1856).

Opinion

[76]*76The opinion of the Court was delivered by

DargaN, Ch.

This is a bill for an account of the estate of Richard Griffin. The plaintiff is a surviving executor of the decedent; and the defendant is the administrator of Nathan L. Griffin, who was one of the co-executors of the said Richard Griffin.

The accounts were referred to the Commissioner in equity, who, at June Term, 1856, submitted his report. Each party toolc exceptions to the report, and the case came before the Chancellor to be heard on the report and exceptions. The Chancellor overruled all the exceptions, and confirmed the the report. And this is an appeal from that decree, on the same grounds that had been made the grounds of exception to the Commissioner’s report. The grounds are various, and I will take them up for consideration seriatim, and in the order in whieh they are presented in the notice of appeal. And first of the plaintiff’s grounds; the first of which is in the following words:

1. “The two notes under seal against N. L. Griffin were among the specific securities, and choses, that came to his hands as executor, and no act or declaration having proceeded from him indicating that they were treated, or regarded by him as to any extent paid, those notes were not distinguishable from other like securities against other persons in his hands as executor at the time of his death, and ought to have been delivered to the plaintiff as surviving executor, to be disposed of in a due course of administration, and it is submitted, that the Commissioner has erred in not having framed his report upon the accounts accordingly.”

This ground of appeal, and what I have to remark upon it, requires a preliminary statement to make it intelligible.

The defendant’s intestate, N. L. Griffin, was a co-executor with the plaintiff, of the estate of Richard Griffin, and to the time of his decease, was the acting executor. Among the securities belonging to the estate of Richard Griffin, which [77]*77came into bis bands, were two notes of the said N. L. Griffin to the said Eicbard Griffin, each for the sum of five thousand dollars, dated (both) 15th November, 1850, and payable one the 1st of January, 1852, and the other 1st January, 1853. The said N. L. Griffin died on the 17th February, 1853, after the maturity of both of the notes. These notes, or more properly speaking, the papers evidencing the amounts due on these notes, were found among the papers of the said N. L. Griffin, after his death, without any mark indicating that they were in the conception of the deceased payor satisfied or paid, and without being embraced in his returns to the Ordinary as cash on account. The ground of appeal which I am considering assumes that these notes should be turned over to the plaintiff as surviving executor of Bichard Griffin, as unpaid or unsatisfied securities of his testator’s estate, to be by him collected and administered. The fund due on said notes, into whose hands soever it may be considered as having-fallen, belongs to the estate of Bichard Griffin. The only contest here is as to commissions.

The principle applicable to this state of facts is plain, and well understood. It may be laid down as a rule of universal application, that wherever the character of payor and payee of any debt, or obligation, is blended in the same individual) by operation of law, the debt is paid, and the amount is cash in hand on the accounts of the payee, to the credit of the party entitled to the fund. JEo instanti, it is due by the payee, and will be so considered, in every transaction relative to the matter.

As a consequence of this principle, whenever an executor or administrator, is indebted to his testator, or intestate, the amount for which he is indebted, and then due, will be considered cash in hand at the moment when he assumes upon himself the administration. If the debt be not due at the commencement of the administration, it will be cash on account, to the credit of the estate, whenever it falls due in the course of [78]*78tbe administration. Applying tbis principle to tbe facts of tbis case, it cannot fail to be perceived tbat tbe amount due on tbe notes of tbe deceased executor, N. L. Griffin, to bis testator, Richard Griffin, must be considered as casb in bis bands to tbe credit of Ms testator’s estate, when those notes became severally due, which was in tbe life time of tbe said N. L. Griffin, and in tbe course of bis administration. Tbe surviving executor, therefore, bad no right to require tbat these satisfied notes (fundi officio, as securities) should be turned over to him. All unpaid securities and tbe balance of casb in tbe hands of tbe said N. L. Griffin .were transferable to tbe surviving executor. Tbis exception to tbe report of tbe Commissioner was properly overruled, and tbis ground of-appeal is dismissed.

Tbe second ground of appeal on tbe part of tbe plaintiff) is, tbat “ so much of tbe debt of N. L. Griffin to bis testator, Richard Griffin, as was discharged by setting off against tbe same the debt from tbe latter to tbe former was never ‘received’ by N. L. Griffin as executor, within tbe meaning of tbe Act of 1789, and tbe Commissioner has erred therefore in allowing to tbe defendant commissions upon tbat sum.”

N. L. Griffin was indebted to bis testator in tbe sum of ten thousand dollars in the manner already stated. He also was indebted to bis testator in several smaller sums due at bis death. He also held a single bill against bis testator for three thousand four hundred and forty dollars and nineteen cents, due 25th October, 1849, with sundry small payments endorsed thereon. Tbe plaintiff contends tbat it is only tbe balance due by tbe testator to tbe executor on a settlement of their mutual demands, that can be considered as having been received by tbe executor, and upon which be would be entitled to commissions as upon money received.

Tbe principle assumed in tbis ground is correct. If there be mutually subsisting demands between tbe testator and bis executor at tbe death of tbe former, or falling due at tbe [79]*79same time, in tbe course of tbe administration, these mutual debts satisfy each other, in the way of discount and by operation of law in tolo or pro tanto. It is only the balance due the testator on such supposed settlement that the executor can be considered as haring receired, and it is only on such balance that he would be entitled to charge commissions. For illustration: suppose that in this case the testator and his executor were mutually indebted to each other, at the death of the former, in the sum of ten thousand dollars. In this case nothing would' be due on either side, and there would be nothing receired by the executor upon which his right to commissions could attach; and where the account did not exactly balance, as in the present case, the rule would operate pro tanto as far as the mutual indebtedness existed. But there would be some difficulty in applying this rule where the indebtedness was not mutual as to time of payment. If, as in this case, the debt due by the testator to the executor was due presently, and that by the latter to the former was due at a future period, the rule will apply or not according to circumstances. In such case, the executor is not bound to wait until his own debt to the testator falls due, but he may retain for the satisfaction of his debt out of the first or any assets that he may realize.

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Bluebook (online)
30 S.C. Eq. 71, Counsel Stack Legal Research, https://law.counselstack.com/opinion/griffin-v-bonham-scctapp-1856.