Case ID: scl_1/html/0246-01.html
Source: Caselaw Access Project
Author: {"author": "\n      \n      By the CovrU\n    ", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Newman against Crocker.
    DEBT on bond, dated the 11th of October, 1786. Dis~ count pleaded. It appeared that this bond was assigned to Mons. Desverneys, in February, 1788, and that the defendant had then notice of the assignment. The transactions offered in discount, between the present plaintiff and defendant, were all subsequent to the time of the assignment and notice. But
   By the CovrU

This discount cannot be allowed, because the transactions are all subsequent to the time of assignment and notice. The property in the bond was then transferred out of the plaintiff. He is now only a mere nominal plaintiff, made use of by Besverneys, the holder of the bond, for the purpose of recovering from the obligor. Nezoman could not even release the action, for the assign» ment itself imports a covenant that the assignee shall bring the action in the assignor’s name, and recover and have the money to his own use. 11 Mod. 171. The equity in fa-vour of an obligor, can never be carried down further than the assignment and notice. So that if payment were af-terwards made to the obligee, it would be at the risk of the obligor; and he would be obliged to pay it over again to the assignee.