Packard v. Richardson

17 Mass. 121
CourtMassachusetts Supreme Judicial Court
DecidedMarch 15, 1821
StatusPublished
Cited by3 cases

This text of 17 Mass. 121 (Packard v. Richardson) is published on Counsel Stack Legal Research, covering Massachusetts Supreme Judicial Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Packard v. Richardson, 17 Mass. 121 (Mass. 1821).

Opinion

Parker, C. J.,

delivered the opinion of the Court.

The case presents two questions of importance, neither of which has received a judicial determination in our courts. The arguments upon them have been exceedingly ingenious as well as able, leaving nothing untouched in point of authority or general reasoning, which has relation to the subject.

The first question relates to the rejection of Mr. Fiske, as a witness, he having signed the note as agent to the Stony Brook Manufacturing Company, and being called upon to prove that the consideration of the note was usurious.

The case of Churchill vs. Suter settled for us the question, which seemed to have been undetermined in England, as to the admissibility of a party to the note, although not interested in the event of the suit, to prove the note void on account of illegality in the consideration. The principle, on which that case rests, approves itself to the mind *of every fair man, viz., that [ * 127 ] it is inconsistent with fair dealing, as well as contrary to the policy of the law, that he, who has uttered a note or other negotiable instrument as true and genuine, and given the sanction of his name to it, should afterwards contradict his own assertions, and defeat, by his evidence, the contract which he had established by his signature. This has been a standard case in our courts, and is referred to upon the exchange, and in the course of business, as furnishing a clear and intelligible rule, by which the character and value of negotiable paper in the market may in some good measure be ascertained

Free access — add to your briefcase to read the full text and ask questions with AI

Related

D. M. Osborne & Co. v. Baker
25 N.W. 606 (Supreme Court of Minnesota, 1885)
City of Faribault v. Misener
20 Minn. 396 (Supreme Court of Minnesota, 1874)
Ableman v. Booth
11 Wis. 498 (Wisconsin Supreme Court, 1859)

Cite This Page — Counsel Stack

Bluebook (online)
17 Mass. 121, Counsel Stack Legal Research, https://law.counselstack.com/opinion/packard-v-richardson-mass-1821.