14 Ind. 360 | Ind. | 1860
Suit by the appellants against the appellee upon a note made by the latter to William Vandapool, and by Vandapool indorsed to the plaintiffs.
Answer, that before the defendant had any notice of the assignment of the note to the plaintiffs, Vandapool was indebted to the defendant for work and labor, and upon two notes, one given by Vandapool to Nottingham, and by the latter indorsed in blank to James Hunter, and by Hunter to the defendant; the other note given by Vandapool to Hathaway, and by him indorsed to the defendant; which claims the defendant offered to set off against the note sued on. The set-off thus set up exceeded the amount of the note sued upon.
Replication under oath denying the assignment of the Nottingham note by Hunter.
Trial by the Court; finding and judgment for the defendant, a new trial being denied.
The main controversy is, as to the assignment of the
Striking out any improper testimony that may have been admitted, we do not feel authorized to disturb the finding of the Court upon this point, as it was sustained by competent and legitimate testimony.
So, also, in respect to notice. Smith, whom the plaintiffs swore as a witness, testifies that at the time the notes were assigned to him, he supposed Vandapool still held the note sued upon. Concurrently with the assignment of the note to Smith, the defendant, he executed an agreement to Hunter and to Hathaway, promising to pay them severally the amounts appearing to be due on the notes thus as
The counsel for the appellants insist that the transfer of the notes to the defendant was thus made conditional, and that they cannot be set off.
We do not think the agreement thus made affects the validity of the transfer of the notes so as to prevent the title thereto from vesting in Smith. The consideration of the assignment of a note need not be paid down. An agreement to pay at a future day will support the assignment. This agreement was for the future payment of the consideration. The condition which should defeat the obligation to pay, has, so far as appears, never arisen. Hence, the transfer is perfect, and the agreement to pay the consideration therefor, binding.
• This set-off is sustained by the case of Clapton v. Morris, 6 Leigh, 278, where a similar question was involved.
We find no error in the case which should reverse the judgment; hence, it must be affirmed.
The judgment is affirmed with costs.