51 Iowa 627 | Iowa | 1879
The defendant insists, however, that even if this is so the debt would still be barred, because the admission was made more than five years prior to the commencement of the action.
The statute upon which the plaintiffs rely is in these words: “Causes of action founded on contract are revived by an admission that the debt is still unpaid.” Code, § 2539. It will be perceived that a new cause of action does not arise by reason of the- admission, but the bar from the old is removed. The statute begins to run anew, but it runs, of course, upon the cause of action, and not upon the admission, which merely operated to revive the cause of action. The time it would run would depend upon the nature of the cause of action. If, as in this case, it is founded upon a promissory note, the statute would run ten years from the time the cause of action was revived. Carshore v. Huyck, 6 Barbour, 583: Baxter v. Penniman, 8 Mass., 133; Penley v. Waterhouse, 3 Iowa, 418 (442); Ayres v. Bane, 39 Iowa, 518; Frisbee v. Seaman, 49 Iowa, 95. In our opinion the claim was not barred.
Affirmed.