19 Johns. 109 | N.Y. Sup. Ct. | 1821
delivered the opinion of the Coürt. A
The points for our consideration are, whether the defendants, all of whom stood in the light of endorsers, were first to be paid their debts, and the plaintiff was to be paid out of the surplus ; or, whether they were all to be paid, in propprtion to their debts, rateably ? The other point is, whether a joint action will lie against the defendants 1
I am satisfied, that the parties, plaintiffs in the judgment against Sweany fy Kearney, were to be paid rateably. Sweany swears they were not to be paid in that manner, but that the defendants, who were endorsers, were to be first paid; but he is pointedly contradicted by Kearney. The joint judgment which would give equal rights to a rateable payment, decides the question between the conflicting testimony.
The remaining question is not free from difficulty ; but, it appears to me, that the defendants cannot be liable in this action,jointly. They,certainly, are notpartners in this transaction, and they had no joint interest in the fund created by the sale of Sweany & Kearney's property. The judgment was given to all the patties, for their convenience, and to
Judgment, for the defendants.