Pendleton v. Lomax

2 Va. Ch. Dec. 4
CourtVirginia Chancery Court
DecidedJuly 1, 1791
StatusPublished

This text of 2 Va. Ch. Dec. 4 (Pendleton v. Lomax) is published on Counsel Stack Legal Research, covering Virginia Chancery Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Pendleton v. Lomax, 2 Va. Ch. Dec. 4 (Va. Super. Ct. 1791).

Opinion

*THOMAS WYLD, on the first day of May, 1753, drew a bill of exchange, on Berkeley, Chauncey, and company, of London, for 4401. 12s. Od. sterling, payable to Lunsford Lomax and the plaintiff, who endorsed it, and endorsed it, at the request of the drawer, to give him a credit, thereby becoming his sureties, the bill was protested. The holder of it was Benjamin Waller, for-the benefit of John Harmer and John Lidderdale, in England, to whom the money was due.

The plaintiff moreover endorsed two other [103]*103bills of exchange, drawn by Thomas Wyld, on Berkeley, Chauncey, and company which were protested: one for 400 pounds sterling, to which Thomas Turner was intitled, and the other for 500 pounds sterling, to which James Mills was intitled.

In order to indemnify the plaintiff from loss by means of his endorsements, Thomas Wyld, by indenture, on the 8 day of june, 1753, conveyed all his estate, and assigned all his credits, to the plaintiff, giving him an irrevocable power of attorney to collect, the latter in trust to sell the estate and to apply the money, to be raised by sale thereof, and by collection of the credits, to payment of the debts of Thomas Wyld in this order, to wit, 601. 13s. 6d. of current money of Virginia, due to Preswick and Thomas; 660 pounds of current money due to James Mills, for which Thomas Birch and James Palkner were Thomas Wylds sureties; 400 pounds sterling due to Thomas Turner by a protested bill of exchange, drawn by Thomas Wyld, and endorsed by the plaintiff and James Taylor; 500 pounds sterling due to James Mills, by a bill of exchange, drawn by Thomas Wyld, and endorsed by the plaintiff, if the bill should be protested, as was expected; 4401. 12s. sterling due to John Harmer and John Lidderdale, by the bill of exchange drawn by Thomas Wyld, and endorsed by the plaintiff and Lunsford Lomax, if the bill should be protested, as was also expected; and several other debts therein after mentioned.

The money produced, by the sale of Thomas Wylds estate, and the collection of his credits, after being applied to payment of those debts, which, by the deed of trust, were to be first discharged, was so far from being sufficient to indemnify the plaintiff that, on account of the bill for 4401. 12s. sterling, 5311. Is. *7d. of current money of Virginia, remained due; which the plaintiff discharged, taking up the protested bill, and giving his own bond, for payment of the money remaining due on the bill to Benjamin Waller.

The protested bill of exchange was taken up, and the bond executed in discharge of it was dated, in november, 1756.

But the plaintiff, as he alleged, perplexed with much business, did not, until some time in the year 1766, demand one half of this money, with interest, from Lunsford Lomax, who refused to pay it.

To recover the money and interest the plaintiff commenced a suit against Lunsford Lomax, in the county court of Caroline in chancery.

That defendent pleaded the statute of limitation of actions, in bar of the plaintiffs demand; to which the plaintiff replied, that, in the sale of Thomas Wylds estate, and collection of his credits, the plaintiff was employed many years, and until it was completed, his loss, and the moieiy of it, which the defendent ought to contribute, could not be ascertained. Lunsford Lomax died before the argument.

A bill of revivor was filed against the present defendent, who relied upon the same plea.

The county court overruled the plea.

The defendent appealed to the high court of chancery, which at that time consisted of three judges.

One of them was the plaintiff, who therefore could not sit in the cause, another was of the opinion that the plaintiffs right of action accrued the fourth day of november, 1756, when he took up the bill of exchange, and gave his own bond for payment of the money due upon it; and that not having commenced the suit before the year 1768, his demand was barred by the statute for limitation of actions, and that the decree was erroneous, the third judge seemed inclined to affirm the decree, and therefore the case, that it might not remain undecided,

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

Cite This Page — Counsel Stack

Bluebook (online)
2 Va. Ch. Dec. 4, Counsel Stack Legal Research, https://law.counselstack.com/opinion/pendleton-v-lomax-vachanct-1791.