Johnson v. Sterling

3 Mart. (N.S.) 483
CourtSupreme Court of Louisiana
DecidedApril 15, 1825
StatusPublished

This text of 3 Mart. (N.S.) 483 (Johnson v. Sterling) is published on Counsel Stack Legal Research, covering Supreme Court of Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Johnson v. Sterling, 3 Mart. (N.S.) 483 (La. 1825).

Opinion

Porter, J.

delivered the opinion of the court. This action was instituted against the defendant as surviving partner of the firm of A. & S. Sterling. The plaintiffs demand the sum of 12,036 85 cents. as the alleged balance yet clue on a note executed by the said A. & S. Sterling, in favor of the petitioners, for $4,248 53, and also $101 80, for services rendered by one of the latter in collecting debts which he had received from the defendant, on account of the note on which this suit is brought.

[484]*484In the answer, after the general issue, there is a plea that the plaintiffs received from the defendant notes and obligations on various persons to a larger amount than the obligation due them; that thro’ their negligence and misconduct in collecting these claims, they have been lost, or the ultimate recovery so endangered, that the petitioners have made them their own. It concludes with a demand in reconvention, and a prayer for judgment against the plaintiffs.

The cause was submitted to a jury, who found a verdict in favor of the plaintiffs for $716 89, and that one of the bonds received by them as collateral security, should be returned to the defendant. The judgment of the court affirmed the verdict for the money declared to be due, but is silent in relation to the bond. The defendant appealed. And the plaintiffs, under the act of the legislature, have prayed that the judgment of the court below be amended in their favor.

In the first agreement entered into between the parties in relation to the bonds, and judgment assigned to the plaintiffs in security of the debt now sued for, it was agreed that the claims so transferred, should be collected at [485]*485the expense of the assignor; he agreeing to obey all instructions he should receive from the plaintiffs’ agent, in relation to the time and manner of making sales on the executions which it might be necessary to issue.

After they had acted some time under this agreement, a second one was made; in which alter reciting that certain judgments had been assigned as collateral security for a debt due In A. & J, Sterling, to Mrs. Martha S. Johnston, on which judgments, executions had issued, and twelve months bonds taken, it states, “ the clerk and sheriff of the parish will consider R. Post Johnson, or his agent, as the only person to be allowed to take said bonds out of the office, or receive the money due thereon, when collected.”

The have been accused of negligence in the discharge of the obligation, which it is alleged they assumed by this agreement; so collect these debts without delay, by due course of law. The plaintiff, in our opinion, did not undertake to collect these debts without delay, in due course of law. They were the agents of the defendant, and their responsibility depends on their having acted with that diligence and good faith the law requires from [486]*486those who transact the business of others. We see nothing in the evidence which would authorise us to impute a want of either to the plaintiff. On the contrary, we see a great deal of trouble taken, and vexation suffered for the benefit of the defendant, There is no pretence for holding the plaintiffs responsible for the same diligence as the endorsee of negotiable paper. The debts assigned were not of that description, and the form of the transfer excludes any such idea. The case is not like that of Flower vs. M'Micken, there the plantiff undertook to use all necessary steps for the collection of the debt, without delay; here no such stipulation made a part of the contract; the debts were assigned as collateral security, and we see nothing which should have prevented the plaintiffs from enforcing the payment of their debt at any time since the assignment.

The obligation was for $4,248 55, on which interest was agreed to be paid, at the rate of ten per cent. from the time it fell due, viz. from the 22d of January, 1821.

[487]

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Bluebook (online)
3 Mart. (N.S.) 483, Counsel Stack Legal Research, https://law.counselstack.com/opinion/johnson-v-sterling-la-1825.