14 F. Cas. 280 | U.S. Circuit Court for the District of Pennsylvania | 1822
The rule of law which excludes parol evidence to vary or to contradict a written agreement, is equally imperative as to explanatory evidence, where the ambiguity to be explained is patent, which it is. in this case, if there be an ambiguity at all. Parol evidence of the agreement was admitted in the ease of McCulloch v. Girard [Case No. 8,737], not to explain the written contract, but to prove what the court considered to be. from the circumstances of that ease, the only agreement between the parties; the note of Girard having been given in part execution of that agreement, as far as it could be executed in the then unorganized state of the bank. That it was so given, and so intended by the parties, was obvious from the form and character of the note itself, which was equally evidence of. and applicable to, a common sale of bank stock, as to a special agreement, such as exists in that case. Tnis case is altogether different from that; and indeed the counsel admits that his only object is to explain the written agreement by the parol evidence which he offers.
The defendant’s counsel then contended before the jury, that the assignment ought to be so construed, as to compel the plaintiff to use all the necessary means to coerce the payment of the recognizances, before he could sue for his original debt; — that for aught that appears, he may have collected a considerable part, if not the whole amount, of those recognizances; and that, at all events, he now has the whole control over them as assignee.
(charging jury). These recognizances were assigned to the plaintiff expressly as collateral security, and consequently they cannot be considered as payment, or satisfaction of the original debt, or as operating even to suspend the plaintiff's remedy to enforce the payment of it. This consequence may be produced, we admit, by a special contract to that effect; but none such exists in this case. The plaintiff is not bound by the terms of the assignment to collect the amounts of the recognizances. much less to pursue legal means to enforce payment of them. They are to be collected as he may think proper; and when collected, an appropriation of the money is made. If the plaintiff's right to sue for his original debt is suspended at all, it would be difficult to say at what time, or upon what contingency the suspension could be removed. The contract points out none, nor has the defendant’s counsel undertaken to suggest any. If the evidence of debt assigned to the creditor be negotiable, and has been parted with by him. he 'cannot recover upon the original debt, because the debtor might, in such a case, be twice charged. But that is very different from the present case. These recognizances are not assignable, so as to enable the assignee to sue upon them in his own name. By payment of the original debt due to the plaintiff, the defendant becomes in equity, as he is in law, the owner of these recognizances, and entitled to collect their amount, or to enforce payment of them. If the plaintiff has received any part of their amount, the defendant, upon proving the same, (and it is for him to prove it) would be entitled, in this suit, to a credit pro tanto. But no evidence of this sort has been offered. The plaintiff is therefore entitled to a verdict for his whole demand.
Verdict accordingly.