120 Mo. 657 | Mo. | 1894
This is an action upon a promissory note, as follows:
“$5,000. Kansas City, Mo., February 21,1890.
“Six months after date, for value received, I promise to pay to George H. Paul, or order, five thousand dollars, at the Commercial Bank of Milwaukee, Wisconsin, with interest after date at the rate of' eight per cent, per annum until paid.
“'Waltek P. Bishop. “Due August 21,1890. R. P. McCokmick.”
The petition is in the usual form on a negotiable-promissory note, prefaced with the following averment: “Plaintiff states that on the. eighteenth day of May,, 1890, George H. Paul departed this life, and thereafter, to wit: on the third day of September, 1890, letters-of administration on the estate of the said George H. Paul were duly granted to John G. Gregory, the plaintiff, by the probate court of Milwaukee county, state-of Wisconsin, and that thereupon the plaintiff duly-qualified as such administrator. That as said administrator the note herein sued on came into his possession, and that under the laws of the state of Wisconsin he is the person entitled to the proceeds of such cause-of action, and is entitled to sue for same.”
By the answer, the execution of the note sued on by the defendant and Bishop was admitted. The death of the said Paul, and the appointment of the plaintiff
“Kansas City, Mo., February 21, 1890.
“Whereas, Walter P. Bishop has this day executed and delivered to George H. Paul his promissory note, with R. P. McCormick as a joint maker with him thereon, and has placed with the said Geo. H. Paul, as collateral security for the payment of said note, fifty (50) shares of stock in the Ft. Scott Cement Manufacturing Co.
“Now, therefore, it is agreed and understood by .and between said McCormick and Paul, that, if said W. P. Bishop does not pay his said note, and should said McCormick have to pay the same, or any part thereof, for him (Bishop), that said Paul will indorse the .amount or amounts of such payment on said note of the same date when paid, stating by whom paid, and ■an amount of stock equal to such payment in dollars :shall be delivered to said McCormick as security for recovery of amount or amounts so paid.
“Geo. H. Paul.
“D. P. Thomas, witness.
“I agree to the conditions of the above contract.
“Walteb P. Bishop.
“Kansas City, Mo., February 21, 1890.”
The supposed legal effect of this agreement is thrice pleaded in the answer as a defense to this action. The reply was a general denial.
On the trial the plaintiff gave in evidence letters of administration granted to him by the probate court ■of Milwaukee county, Wisconsin, upon the estate of George H. Paul, deceased, dated September 30, 1890,
I. There can be no doubt that the petition stated' a cause of action upon the promissory note, of which.
II. The whole scope of the defense in this case is that the promissory note and the written contract contemporaneously executed, constitute but one contract and the absolute promise in the note is rendered conditional by the terms of the agreement, and that when the defendant • proved and introduced the agreement in evidence it was a complete defense to plaintiff's action, and he could then only recover by amending his peti