Tobin v. Smith

1 Ohio N.P. 75
CourtLucas County Court of Common Pleas
DecidedOctober 15, 1894
StatusPublished

This text of 1 Ohio N.P. 75 (Tobin v. Smith) is published on Counsel Stack Legal Research, covering Lucas County Court of Common Pleas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tobin v. Smith, 1 Ohio N.P. 75 (Ohio Super. Ct. 1894).

Opinion

PUGSLEY, J.

This is a demurrer by the defendant Clarence Brown to the amended petition.

The facts as they are alleged in the amended petition are in brief these : Upon the 9th day of May, 1892, the defendant Lincoln Smith was the owner of four separate lots in Lincoln Smith’s Addition in Adams township, Lúeas county, and upon that day he borrowed from the plaintiff the sum of $2,000, and to evidence such loan, he gave to the plaintiff four notes for the sum of $500 each, payable in three years after date, with interest at eight per cent, payable semi-annually; and at the same time he gave to the plaintiff four separate mortgages upon these four lots respect-* ively, each mortgage being upon one of said lots, and given to secure payment of one of said notes. It was stipulated in each mortgage that if Smith allowed the interest upon the note secured by the mortgage to remain unpaid for 90 days after the same became due, then the whole of the principal sum of the note should become due and payable.

The petition contains eight causes of action — four upon the notes, and four upon the mortgages. It is alleged that “the interest due upon the 9th of November, 1898, is unpaid, and that more than 90 days have elapsed since said time prior to the commencement of this action.” It is alleged in what is called a “preliminary statement,” that upon the 28th of November, 1892, the defendants Clarence Brown and Lincoln Smith entered into a written contract, wherein, for a valuable consideration then paid by Smith, the said Brown agreed to pay to the plaintiff the said notes and mortgages, amounting to $2,000, with the interest thereon ; and it is further alleged in each of the four causes of action upon the notes that “upon the 28th of November, 1892, as heretofore stated herein, the defendant Brown, for a valuable consideration, entered into a written contract with Lincoln Smith by the terms of which he agreed to pay the said sum of $500 with interest.” The prayer of the petition is “that said»several mortgages be foreclosed, and that the plaintiff may have a personal judgment against the defendants Smith and Brown for $2,000 and interest.”

The defendant, Brown, has filed a demurrer specifying three grounds: first, that several causes of action are. improperly joined; second, that separate causes of action against several defendants are improperly joined; and third, that the petition does not state facts sufficient to constitute a cause of action, the demurrer being to each cause of action separately.

The objection which is raised by the first ground of demurrer is, that a cause of action for the foreclosure of a mortgage cannot be joined with a [76]*76cause of action for a personal judgment upon a note other than the one secured by the mortgage; and also that causes of action for the foreclosure of mortgages can not be joined where they cover separate lots and relate to separate debts. The objection which is raised by the second ground of demurrer is, that a cause of action against a third person upon his agreement to pay a note cannot be joined with a cause of action against the maker of the note. The objection which is raised by the third ground of demurrer is, that an action cannot be maintained to recover a personal judgment for the principal of a note prior to the time when, by the terms of the note, the principal becomes due.

I will first consider the objection which is last mentioned. In the case of McClelland v. Bishop, 42 Ohio St. 113, where a mortgage was given to secure a series of notes payable at different times, it was held that a stipulation contained in the mortgage that if default be made in the payment of any one note, then all of the notes should fall due and the mortagge should become absolute as to all the notes, relates to the remedy by foreclosure or other proceedings under the mortgage, but does not operate to vary or extinguish the obligations-expressed on the face of the notes themselves, for general purposes. I will read a few brief extracts from the opinion of the court in this case — first, from page 122:

“The notes themselves are, on their face, subject to no such stipulation. (That is, the stipulation already referred to which was contained in the mortgage.) They purport to be so many independent obligations, whose maturity depends on the terms therein stated, to-wit: payable in one, two, three, four and five years. They give no right of action thereon until after due. For the general purposes for which negotiable paper is made, their effect must be determined by their expressed terms.”

On page 123, referring to a case in Missouri where the court reached a contrary conclusion, this court says:

“The court (in that case) bases its judgment on the ground that instruments executed at the same time, with regard to the same transaction are, in the eye of the law, one, and must be read and construed together as such. This admitted principle is illustrated in many ways, and by numerous cases; but nowhere is it applied to nullify one contract by another made at the same time, relating to the same transaction, where the stipulations-of each relate to different things, and both can stand together, and each be applied to its proper subject-matter.”

And again on p. 124:

“While it is true that all separate writings, made at the same time, and relating to the same transaction, are in the eye of the law as if embodied in one, yet it is not true, that when, in one contract, evidenced-by a single paper, or in several, relating to the same transaction, containing stipulations relating to matters in their nature separate, either should be construed so as to extinguish the other. If the construction claimed for the mortgage be given, it would extinguish the terms of the notes. As well might the stipulation of the notes extinguish those in the mortgage. The stipulation in the mortgage should be construed as providing a remedy on the mortgage, and that so far as foreclosure proceedings are concerned, the notes ior that purpose are due ; but for general purposes, the obligations on the notes are to be determined by their own expressed terms. In this way both contracts can stand and be fully enforced according to the manifest intention of the parties.”

.The court, in the opinion in this case, refers to the case of Mallory v. R. R. Co., 35 N. Y. Supr. Ct. 174, a ease which was decided by the General Term of the New York Superior Court in 1873. In that case the defendant, the railroad company, issued a series of bonds to certain persons or bearer, [77]*77payable in ten years, bearing interest payable semi-annually. On each bond was a certificate signed by the payees, which stated that said bonds were secured by a first mortgage, which contained a provision “that the principal secured by said mortgage, shall become due in case the interest on the bonds remains unpaid for four months.” The bonds contained no such provision. The plaintiff in the case, being the owner of thirteen bonds, and the interest on the same remaining unpaid for four months after the same became due, brought this action on the bonds, and sought to recover the principal, claiming that the entire principal was due by reason of this provision in the mortgage and the certificate of the fact upon the b nds.

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Cite This Page — Counsel Stack

Bluebook (online)
1 Ohio N.P. 75, Counsel Stack Legal Research, https://law.counselstack.com/opinion/tobin-v-smith-ohctcompllucas-1894.