52 N.H. 213 | N.H. | 1872
It would seem that the nominal damages in the trover suit must have been assessed for a mere temporary conversion, or that the value of the note must have been estimated upon the assumption that it had been paid and was no longer an enforceable pecuniary obligation. The present plaintiff has not suggested any other method of accounting for the assessment.
If the damages were given for a mere temporary conversion, it is very clear that the judgment and satisfaction did not vest the note in the defendant in the trover suit (the present plaintiff), nor entitle him
Suppose, on the other hand, that the damages were given for the value of the chattel, that value having been estimated upon the assumption, that the note had been paid and was no longer an enforceable pecuniary obligation. If the pecuniary obligation which the note once evidenced was no longer enforceable, the so-called “ note ” had no greater value than any other piece of paper of the same dimensions. The value of the paper and of the ink thereon furnished the basis of the assessment, — not the value of the pecuniary obligation of which the paper and the ink were once the “ tangible embodiment.” If the satisfied judgment transferred anything to the defendant in the trover suit, it transferred to him merely a piece of waste paper, which he cannot now enforce as a promissory note. He has all that he was compelled to pay for, and nothing more. Having had the benefit of a reduction of damages upon the ground that the paper, though retained in his hands, could not be enforced as a note against the payor, he cannot now claim that the payment of the one cent, assessed as damages, changed the piece of waste paper which he paid for into a valuable pecuniary obligation which he did not pay for.
Plaintiff’s motion denied. Judgment on the verdict.