3 Cow. 147 | N.Y. Sup. Ct. | 1824
Lead Opinion
Under the pleadings in this
case> afid the previous decisions of this Court, (Mather v.Bush, 16 John. 233, Matter of Wendell, 19 John. 153,) the question raised is, whether the note executed in Vermont be an extinguishment of the previous contract, or indebtedness on which the note was predicated. The principle adopted by this Court, in Homles v. D'Camp, (1 John. Rep. 36-7,) is, that a negotiable note is not absolutely an extinguishment of an antecedent, simple contract debt; but that the plaintiff may recover upon the original consideration, provided he shews the note to be lost, or produces and cancels it at the trial. Had the plaintiff declared on the original consideration, a plea that a note had been given for it, would have been bad on demurrer. The giving the note must be taken advantage of on the trial.
I think, therefore, that as the contract was made in the state of New-York, and is not extinguished by the note given in Vermont, the discharge is a good defence. The defendant must have judgment.
Dissenting Opinion
(dissenting.) The demurrer in this case, appears to me to be well taken. The contract between the parties is the note on which the suit is brought. All previous contracts or agreements in relation to the subject matter of the note were merged in it. The plaintiff could not have recovered upon the original consideration of this note, as long as the note was in being. He would have been obliged cither to have shown that it was lost, or te have produced and cancelled it at the trial. (Holmes v. D'Camp, 1 John. Rep. 34. Angel v. Felton, 8 id. 115.) The final agreement between the parties, is the contract;, and the law of the place where that agreement is made, is to govern its construction, unless it appear upon its face to have been made with reference to. the laws of some other place, and with a view of being executed there. It may be that the note was not given in New-York, for the very purpose of avoiding the operation of our insolvent laws, and that by the express agreement of the parties.
I am accordingly of opinion, that the plaintiff should Stave judgment.
Judgment for the defendant.