6 S.D. 209 | S.D. | 1894
The complaint herein is in the usual phraseology, and states 13 distinct causes of action, each being based upon an overdue promissory note for $25 executed, by the defendant, Joseph Vincent, to plaintiff and V. E. Prentice, on the 8th of July, 1890; the aggregate amount of which, as shown by the demand for judgment, is $400.95. It is further alleged that said V. E. Prentice sold and transferred to plaintiff his interest in the notes described in the complaint. The answer of the defendant admits all the allegations of .the complaint, and in effect alleges that the notes in suit, together with 10 other notes, each for a like amount, and of even date therewith, were executed by the defendant and made pay able to the plaintiff and V. E. Prentice, and that the payment of said 10 notes and the notes in suit was secured by a mortgage upon certain real property described in the answer, and that after the maturity of the 23 notes, and on the 13th day of September, 1892, plaintiff brought suit upon one of the notes mentioned in the answer as not being included in the complaint, and obtained a j udgment which the defendant fully paid and satisfied; that at the time said suit was instituted, plaintiff was the owner and holder Of all the notes described in the complaint in this action, and
It appears from the coniplaint that the 13 $25 notes described therein matured respectively 11, 12, 13, 14, 15,. 16, 17, 18, 19, 20, 21, 22, and 23 months from even date, and that all were past due and unpaid at the commencement of this suit, and we infer from the answer that no two of the entire series of $25 notes matured during the same month. ■ To defeat the various causes of action alleged in the complaint, the defendant relies wholly upon a judgment rendered in a suit between the same parties, based upon a different promissory note, falling due at a different time, and constituting a distinct and separate agreement to pay an amount which, with stipulated interest, differs from each and every note described in the complaint. The. answer conclusively shows, from inspection, that each note constituted a separate and entire demand, and the same is clearly frivolous, because it contains a defense to no part of either cause of action set out in plaintiff’s complaint. Had each note been negotiated and transferred to as many different persons, it could not be urged that a judgment upon one note would defeat a recovery upon any or all of the remaining notes. Or had suit been instituted by plaintiff at the maturity of the note first due, a judgment thereon would be no bar to a recovery upon the notes that had not yet matured; and that he took no steps to enforce collection until all were due, and then brought suit upon one of the notes only, can in no manner deprive him of the right to maintain his action. Beck v. Devereaux, 9 Neb. 109, 2 N. W. 365; Badger v. Titcomb, 15 Pick. 409; Stickel v. Steel (Mich) 1 N. W. 1047; Reformed church v. Brown, 54 Barb. 193. The rule is doubtless well set-