5 N.H. 38 | Superior Court of New Hampshire | 1829
It seems now to be well settled, that a surety, who pays the debt, may maintain an action' in a court of law, against hyKife-surefJH* for.¶? contribution. 3 N. H. Rep 270, Odlin v. Greenleaf; 2 Esp. N. P. cases, 478, Turner v. Davies ; 14 Johns. 318, Murray v. Bogart; 17 Mass. Rep. 464, Batchelder v. Fisk; 12 Mass. Rep. 98, Taylor v. Savage; 10 Johns. Rep. 32, Sawyer v. Lyon; 1 East, 220, Birkley v. Presgrave.
The rule of law, by which a contribution among sureties is enforced, is founded upon fixed priciples of natural justice. The parties in such a case stand in equali jure. and equality is with respect to them, equity ; and one of them ought not in justice to be compelled to bear the whole burthen in ease of the rest, but it should be thrown upon all equally. 14 Vesey, 160, Craythorne v. Swinburne; 4 Johns. Ch. Rep. 334, Campbell v. Mesier ; 1 V. & B. 114 Lingard v. Bromley.
In a court of equity the rule is, that, where there are three sureties, if one be insolvent, and another pays the whole debt, the third shall contribute a moiety. 1 Equity Cases, Ab. 114; 1 Ch. Cases, 246; 1 Ch. Rep. 120 & 150; 2 B.& P. 274; 10 Mass. Rep. 451.
But in England an opinion seems to have prevailed that, in a court of law a surety cannot be held to contribute more than his aliquot part of the whole, regard being had to the number of co-sureties, although some of the sureties be insolvent- 2 B. & P. 268, Cowell v. Edwards.
And we have no hesitation in holding, that, in this state, where one of the sureties is insolvent, another, who has paid the debt, may in a suit at law recover of tbe third a moiety of the sum paid.
■In.this case, the notes having been given by Henderson, McDuffee and Varney, for their joint debt, each may be considered with respect to the other two as a principal in relation to one third of the debt, and as a surety in relation to the other two thirds. As to Varney’s third of the debt then, the plaintiff'and the defendant may be considered as sureties, and the plaintiff, in addition to what he paid on account of the defendant, is entitled to recover one half of the sum he paid on account of Varney.
As it was equally the duty of all the makers of the notes to see them paid, the costs and charges of the suits ought to fall equally upon all.
The whole amount of both notes with the costs and fees was 8-070,G4
From this sum deduct the money Belonging to the plaintiff, the defendant and Varney, which the plaintiff has received $89,39
and there remains $1981,25
From this deduct one half of the $38, paid by the defendant ... #§&GG
and there remains :: $952,62
which is the sum the plaintiff'is entitled to recover, with interest from the time he paid the debt.