Case Name: Xavier Levet v. His Creditors
Court: Louisiana Supreme Court
Jurisdiction: Louisiana
Decision Date: 1870-02
Citations: 22 La. Ann. 105
Docket Number: No. 2568
Parties: Xavier Levet v. His Creditors.
Judges: 
Reporter: Louisiana Annual Reports
Volume: 22
Pages: 105–106

Head Matter:
No. 2568.
Xavier Levet v. His Creditors.
An executed contract of transfer of a promissory note will not be set aside on the ground tliat tbe agreement or consideration of tbe transfer was contrary to public policy. In such a case the law will leave the parties where their conduct has placed them. 19 An. 498.
APPEAL from.the District Court, parish of St. John the Baptist.
Beauvais, J. 22. Billeul, for plaintiff and appellee. 22. BoeM, for opponent, appellant.

Opinion:
Howe, J.
Nicholas Daunoy, as syndic of the insolvent, Levet, filed, in February, 1869, his final tableau of distribution.
Mrs. Etienne Daunoy, a creditor, opposed the homologation so far as one item was concerned — the sum of $825 46, a dividend proposed to-be paid to Francis Ecrot as holder of a promissory note for $2979,. made by Levet, and secured by mortgage and vendor's privilege. No want or illegality of consideration was alleged as to tlxe note itself — it was, we presume, given for tlxe purchase price of land — but the opponent averred, that she was once holder of the note, and as such transferred it to one Reber, as agent, and for the use of Ecrot, for Confederate money.
The opposition was properly dismissed by the lower court. The contract of transfer of the note from opponent to Ecrot was complete and executed. The object was delivered. If the agreement was contrary to public policy, the law will simply leave the parties where they have placed themselves, and in such case melior est conditio possidentis. 19 An. 498, Windham v. Cerf.
It is therefore ordered that the judgment appealed from be affirmed, with costs.