19 Tex. 238 | Tex. | 1857
There is a distinction between notes like the present, for the payment of money, with the privilege of discharging the obligation in something else, and contracts for the payment of the debt absolutely in specific articles. The distinction was taken by this Court in Chivaillier v. Burford, (1 Tex. B. 503,) and Baker v. Todd, (6 Id. 273,) where it was field, that a promise to pay a sum of money at a specified time, with a stipulation that it may be discharged in some specified articles, becomes an absolute promise to pay money, if payment be not made in the article specified on the day appointed. The rule is well illustrated by the case of Plowman v. Riddle, (7 Ala. R. 775,) where the suit was upon a note for the payment of a sum of money at a specified time, with the following stipulation : “ which may be discharged in good leather,” specifying the kinds and prices of the leather. The defendant pleaded that, at the maturity of the note, he was ready at his tan yard, and had then, and ever since, a sufficient quantity of the kinds of leather mentioned in the note, to have discharged it according to its terms; and averred a readiness and willingness to deliver the leather. The Court held that the effect of the contract was not a promise to deliver leather of the quantity specified at the given time; but that the contract was for money, with a privilege to the defendant to pay in leather, and that to avail himself of that privilege, he should have given notice to the plaintiff of his intention to do so. Having omitted to give such notice until after the pay-day of the note, the contract became absolute ¡for money. The right of election was for the benefit of the defendant; and it was his duty, if he elected to deliver the leather in discharge of the contract, to give notice to ihe’plaintiff of Ms readiness and willingness to do so. When sued for the money he could not defeat the
Judgment affirmed.