20 N.J.L. 581 | N.J. | 1846
The opinion of the court was delivered by
The point argued by the counsel and raised by this plea is, whether an express promise in writing by a bankrupt to pay a prior debt, barred by a discharge under the bankrupt law, is a valid promise upon which an action can be maintained. The debt, for which the promissory notes in the plaintiff’s declaration mentioned were given, and which forms the consideration of these notes, accrued before the defendant became a bankrupt. Does such prior legal liability form a sufficient consideration to support these promises ? Any defects in the plea, if there be any, have been expressly waived by the counsel of the plaintiffs.
These notes, admitted by the plea, prima fade import a good consideration; but still, as between the original parties, the consideration may be the subject of inquiry, unless founded on a good and valid consideration, as in the case of other contracts, such paper will not support an action.
The point in this case can hardly be considered an open question in this state at the present day. It is true, that in the sense in which Lord Mansfield has been understood to lay down the doctrine of moral and equitable considerations, and in the unqualified manner in which the same doctrine was stated in Lee v. Muggridge, 5 Taunt. 36, the law is not now received in our courts. But it is very doubtful .if Lord Mansfield ever meant to carry the doctrine to the extent supposed. Perhaps in fairness to him, we should restrain the generality of his expressions to the case before him, and to the application of those expressions made by himself. In all the cases put by him there was an original consideration beneficial to the party making the promise,
Judgment for the demurrant.
Whitehead and Randolph, J. J. did not hear the argument and expressed no opinion.
Cited in Freeman v. Robinson, 9 Vr. 388.