Court Opinion

ID: 8358654
Source: CourtListenerOpinion
Date Created: 2022-10-18 00:12:14.514339+00
Date Added: 2024-06-11T16:46:00.746501
License: Public Domain

Nútt, J.
The act of 1808, 2 Faust, 214, authorizes the as-signee or assignees of a “ bond, note or bill,” not payable to “ order, or not negotiable,” to bring an action for the recovery of the same, in his, her or their own name or names. It embraces, according to my construction of it, every instrument of writing of the description mentioned, which was not negotiable before. By what mode of reasoning it can be construed to relate only to bonds, notes, and bills, payable to a person and his assigns, I cannot conceive. I am of opinion that the action was well- brought, and that the nonsuit ought to be set aside. If we take the letter of the law, it relates to all non-negotiable bonds, bills, or -notes. If we take the spirit of it, it must be extended to them ; for the object of the law •was to give currency to paper not before transferable. So that which ever way we take it, we arrive at the same conclusion.
GRImke, Smith, Bait, and Colcock, Js., concurred.