Case Name: Clark and Others v. Jones and Others
Court: Supreme Court of Indiana
Jurisdiction: Indiana
Decision Date: 1861-06-01
Citations: 16 Ind. 191
Docket Number: 
Parties: Clark and Others v. Jones and Others.
Judges: 
Reporter: Indiana Reports
Volume: 16
Pages: 191–192

Head Matter:
Clark and Others v. Jones and Others.
Saturday, June 1.
APPEAL from the Wayne Common Pleas.

Opinion:
Per Curiam.
Suit upon a note given by Harmon Clark and Jediah Price to John D. Jones & Co., dated August 3, 1858.
Answer as follows: That on December 2,1856, Clark, one of the makers of said note, purchased of one C. J. Plumb, a certain tract of land, receiving from Plumb a bond for a deed on payment of the purchase money, being $1,000; $600 of which was paid down, and two notes, of $200 each, given for the balance; that one of said two notes, the other having been paid, came to the hands of Jones (& Go., the plaintiffs, who Pr®sen^e<^ same at maturity for payment; that said Olark promised said Jones & Go. that he would pay it, if they would procure Plumb to execute the deed required by his title bond, for the land; that they procured the deed, and delivered it to Clark, and he took up his note to Plumb, held by Jones d> Go. by assignment, by executing to the latter a new note for the money due, with Price as surety, payable at a future day; that the note thus given is the one sued on; that said defendant, Olark, has since discovered that Plumb had no title to the land conveyed to Olark, though it was the same as described in the title bond; that he has become insolvent, so that recourse to his covenant will be unavailing; and hence the consideration of the note sued on has failed.
P. P. Johnson, for the appellants.
J. P. Mellett, E. B. Martindale and J. B. Julian, for the appellees.
A demurrer was sustained to this answer, and the plaintiffs had judgment.
The judgment is affirmed, with 5 per cent, damages and costs.