Zimmer v. Caumont

187 So. 681, 1939 La. App. LEXIS 143
CourtLouisiana Court of Appeal
DecidedApril 10, 1939
DocketNo. 16923.
StatusPublished
Cited by1 cases

This text of 187 So. 681 (Zimmer v. Caumont) is published on Counsel Stack Legal Research, covering Louisiana Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Zimmer v. Caumont, 187 So. 681, 1939 La. App. LEXIS 143 (La. Ct. App. 1939).

Opinion

*682 WESTERFIELD, Judge.

Plaintiff, Henry Zimmer, alleges that he is the holder and owner for value and before maturity, of a certain promissory note dated April 16, 1927, for the sum of $1290, executed by Leon Sampere, payable to his order and by him endorsed, due one year after date with seven percent interest due thereon from April 16, 1932, until paid; that the annual interest due by Sampere had been paid by him on each anniversary of the note, beginning April 16, 1928, up to and including April 16, 1932; that the note was secured by a mortgage granted by Sampere by act before Francis D. Charbonnet, Jr., Notary Public, dated April 16, 1927, and recorded in the Mortgage Office for the Parish o.f Orleans in M. O. B. 1361, Folio 252, upon certain property described in the petition; that on October 24th, 1933, the note being unpaid, petitioner delivered it to Francis D. Charbonnet, Jr., with instructions to enforce collection; that instead of following his instructions, Charbonnet attempted to “transfer and deliver the said note to the defendant herein”, Baptiste Caumont; that Baptiste Caumont was the holder of a note secured by a mortgage on the same property in the sum of $2,675.13, dated January 12, 1928; “that the said mortgage securing the said note, as herein-above set forth, was inferior in rank to the mortgage held by plaintiff”; that on November 17, 1933, Caumont filed a foreclosure proceeding to enforce collection of his mortgage note and became the ad-judicatee of the property mortgaged as security for both notes at the sheriff's sale dated March 13, 1934; that Caumont on March 7, 1934, when the foreclosure was pending, through Pearl S. Russell, an interposed party employed in the office of Ernest J. Robin, Notary Public, appeared as the holder and owner of the $1290 note belonging to plaintiff and, by act before Robin, authorized its cancellation by the Recorder of Mortgages for the Parish of Orleans; that the cancellation of the note by Caumont, through Pearl S. Russell, was illegal because made without right, title or ownership in or to the note. The petition concludes with a prayer for citation against Caumont, who is made defendant, and for judgment decreeing the note owned by plaintiff and cancelled by Caumont to be a legal and enforceable obligation and the mortgage securing the same in full force and effect and directing the defendant to turn over to petitioner the cancelled note and ordering the annullment of the purported act of cancellation before Ernest J. Rpbin; in the alternative, judgment is asked decreeing petitioner to be the owner of a legal, binding, enforceable first mortgage on the property described in the petition, in accordance with the act of mortgage securing the note, and further, in the alternative, that there be judgment in favor of plaintiff and against the defendant in the sum of $1290.13, with legal interest from October 24, 1933, until paid.

To this petition defendant filed the following :

1. Exception of no right or cause of action.

2. Plea of estoppel.

3. Plea of prescription of one year.

4. Plea of prescription of five years.

The exceptions of no right or cause of action were overruled. The plea of estop-pel and the pleas of prescription were referred to the merits. Defendant then answered denying in detail the allegations of the petition and repleading all of the exceptions.

There was judgment below recognizing Henry Zimmer as the holder of a legal and enforceable first mortgage in the sum of Twelve Hundred and Ninety ($1290) Dollars, with interest at the rate of seven per cent, per annum from April 16, 1927, in accordance with the terms and conditions of the act of mortgage of April 16, 1927, before F. D. Charbonnet, Notary Public, and bearing upon the property described in plaintiff’s petition and registered in the name of the defendant, Baptiste Caumont. From this judgment the defendant has appealed.

On the trial of the case, plaintiff offered a certified copy of the mortgage note for $1290.13, the original being attached the act of release before Ernest J. Robin, Notary Public. The offer was objected to upon the ground of variance with the note described in plaintiff’s petition, it appearing from the copy offered in evidence that the note was payable on dema .id with interest from date, whereas in the description in the petition it is referred to as payable one year after date with interest from April 16, 1932. The only real difference, however, consists in the fact that the note as offered is payable on demand and as described in the petition *683 is due one year after date. The reference in the petition to interest being due from April 16, 1932, plainly means, when considered in connection with the other allegations, that-all interest due prior thereto had been paid. The note, however, is sufficiently identified by the act of mortgage and we believe counsel’s objection to its introduction was properly overruled.

We shall first consider the plea of prescription of five years. Article 3540 of the Revised Civil Code, reads as follows:

“Action on bills of exchange, notes payable to order or bearer, except bank notes, those on all effects negotiable or transferable by indorsement or delivery, and those on all promissory notes, whether negotiable or otherwise, are prescribed by five years, reckoning from the day when the engagements were payable.”

Where a note is payable on demand prescription runs from the date of the note and not from demand. Darby v. Darby, 120 La. 847, 45 So. 747, 14 L.R.A., N.S., 1208, 14 Ann.Cas. 805; Cassou v. Robbert, 166 La. 101, 116 So. 714.

The Sampere .note was payable on demand. It was dated April 16, 1927, and prescribed on its face five years thereafter, or April 16, 1932. This suit was filed on June 5, 1935. It is obvious, therefore, that the plea of prescription of five years, liserandi causa, is good, unless there has been an interruption.

In Continental Bank & Trust Company v. Simmons, La.App., First Circuit, 177 So. 384, 386, it was said:

“When a note is prescribed on its face, the burden is on the creditor to allege and prove that the- course of prescription has been interrupted by some acknowledgment on the part of the debtor, or by some agreement of extension of the maturity date of the debt. Cullota v. Washington, 7 La. App. 75; Commercial National Bank v. McDaniel (La.App.) 156 So. 43.”

It is contended that prescription has been interrupted by the payment of interest.

“The payment of interest on a promissory note interrupts prescription. Canal Bank & Trust Company v. Bank of Ascension, 140 La. 465, 73 So. 269.” Lawrence v. Lawrence, 172 La. 587, 134 So. 753, 756.

On the back of the note there appears the following:

“Int. Pd.1928
“Int. Pd.1929
“Int. Pd. to ... 1930
“Int. Pd.1931
“Int. Pd. 1932.”

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Bluebook (online)
187 So. 681, 1939 La. App. LEXIS 143, Counsel Stack Legal Research, https://law.counselstack.com/opinion/zimmer-v-caumont-lactapp-1939.