Ridley v. Hightower

37 S.E. 733, 112 Ga. 476, 1900 Ga. LEXIS 210
Supreme Court of Georgia·Decided December 20, 1900·Published·Cited by 23 cases

Opinion

Fish, J.

This case is absolutely controlled against the plaintiffs in error by the rulings 'announced in the headnotes. We shall accordingly limit this opinion to a statement of such only of the facts as may be necessary to show how the questions upon which those rulings are made arose, and to a brief discussion of the law applicable. From the allegations of a petition filed by the plaintiffs below against J. W. Hightower, the following appeared: In 1890 the Empire Lumber Company, a Tennessee corporation, made and delivered to the late firm of M. C. & J. F. Kiser &. Go., of which the plaintiffs are the surviving partners, a number of promissory notes. One of them will suffice as a specimen. It was in the following words and figures.

$521.00 Atlanta, Ga. March 5th, 1890.

On September 5/90, after date, we the subscriber of ............ County, State of Tenn., promise to pay M. C. & J. F. Kiser & Co., or order, at the First National Bank of Chattanooga, Tenn., with exchange on Atlanta, Ga., the sum of five hundred and twenty-one & 00/100 dollars, for value received, with interest at 8 per cent, per .annum, after maturity, and with cost of collection, including ten per cent, attorney’s fees, and exchange; and we hereby waive and renounce any and all right of exemption or homestead, or any benefit whatever under the homestead, exemption, or garnishment laws. Given under our hand and seal. The Empire Lumber Co. (Seal)

J. C. Anderson, President. (Seal)

On the back of this note were the following indorsements: .“I hereby waive protest on this note, — R. A. Anderson.” “Protest waived, — J. C. Anderson.” “ Protest waived, — J. W. Hightower.”

Hightower, for a sufficient consideration, placed his name on the [478] back of the note after it had heen executed and delivered to the payees, and did so for the purpose of guarantying and becoming personally responsible for its payment. The above is true of the other notes mentioned. The plaintiffs prayed for a judgment against Hightower for the full amount of all the notes. ■ It appeared that the .action was brought after more than six years from their maturity anc] from the date when his name was written thereon. The defendant, by demurrer, presented a number of objections to the petition, one of which was that on the face thereof the plaintiffs’ action was barred by the statute of limitations. In this connection the demurrer in effect set up that even if the original notes are, so far as the maker .and the payees are concerned, enforceable in the courts of this State as Georgia contracts under seal, the undertaking of Hightower was not under seal, and therefore all right of action against him was barred after the lapse of more than six years from the maturity of the notes and from the day when he assumed liability thereon. The demurrer also made the point that these notes were Tennessee contracts, and that under the law of that State the original notes were, even as between maker and payee, mere simple contracts. The demurrer was sustained, and the question is: was the plaintiffs’ right of action against Hightower barred ? Pursuing the course marked out above, we shall not stop now to consider whether or not these notes were Tennessee contracts, nor, upon the assumption that they were, to inquire what are the laws of that State with respect to the classification of such instruments relatively to statutes of limitations. We deem it unnecessary to thus broaden our field of discussion ; for we shall deal with the case as if the notes were Georgia contracts unaffected by any law of force in Tennessee, and this is conceding to counsel for the plaintiffs in error the utmost for which they contended on this line.

1. The first proposition we lay down is, that the liability of Hightower was that of a mere surety, and that he was not in any strictly legal sense an indorser. This is settled by the decision of this court in the well-considered case of Sibley v. Bank, 97 Ga. 126. See 4th headnote (page 127), and the opinion of Mr. Justice Atkinson and authorities cited, page 141 et seq.

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Ridley v. Hightower, 37 S.E. 733, 112 Ga. 476, 1900 Ga. LEXIS 210 (Ga. 1900).

37 S.E. 733 (Ridley v. Hightower) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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