28 N.H. 40 | Superior Court of New Hampshire | 1853
A part of the claim in suit was the proper debt of the defendants only; the residue of it was a debt against them as surviving partners of the late firm of James Briggs & Brother. Was the note of James Briggs &
The general rule, as settled in this State, undoubtedly is, that a promissory note is not payment of a preexisting debt, unless it be agreed to be received as such.
In Wright v. The Union Crockery Ware Co. 1 N. H. Rep. 280, it is said that “if a creditor receive the note or bill of his debtor, or of a third person, indorsed by the debtor, either for a precedent debt, or a debt arising at the time, it is not presumed to have been received in satisfaction.”
The same principle is recognised in Elliot v. Sleeper, 2 N. H. Rep. 525. The same question arose in Jaffrey v. Cornish, 10 N. H. Rep. 505, and was then elaborately considered, and the authorities reexamined, with a similar result. Indeed, it is quite clear that this is the common law doctrine, and that the decisions in England are in conformity with it, and are uniform upon this point. The same principle has been sanctioned by a uniform current of decisions in the supreme court of the State of New York. We have found no cases, giving any countenance or sanction to a different view of the question, excepting in Massachusetts and in Maine, in which it is said that a different rule of law exists, making the note of a party, given for a precedent debt, presumptive evidence of the payment of it. Wise v. Hilton, 4 Greenl. 435; Homes v. Smyth, 4 Shep. 177. But, in the decisions in both those States, the common law doctrine upon this subject is recognized as being in conformity with the rule as already laid down in the decisions in this State.
Does the case under consideration form an exception to the well settled rule in this State ? So far as the debt for
Judgment for the plaintiff,