Court Opinion

ID: 6538349
Source: CourtListenerOpinion
Date Created: 2022-07-19 22:13:32.981469+00
Date Added: 2024-06-11T15:55:43.881659
License: Public Domain

Mr. Justice Walker delivered the opinion of the Court. This was an action of debt upon a note executed by Sumpter^ made payable to James R. Kinkead, and by him assigned, by his within endorsement thereon, to the plaintiff. As the only questions of law arising upon the record, relate to the fourth, fifth and sixth pleas of the defendant, we will direct our examination directly to them. The fourth plea denied the assignment of the note by Kinkead to the plaintiff, and was properly stricken out upon motion, because not verified by affidavit. Sanger vs. Sumner, 13 Ark. Rep. 284. The fifth and 6th pleas are substantially the same. They admitted the assignment to the plaintiff, but set up a payment of the sum, for which the note was assigned to the plaintiff by Kinkead; and a re-delivery of the note by plaintiff to him, in whose possession it remained until his death. Upon motion, the defendant was ruled to elect, which of these pleas he would rely upon, and to abandon the other; and having elected to rely upon the 5th plea, the plaintiff demurred to it, because the facts set forth in the plea show that the legal right of action is in the plaintiff. The counsel for Sumpter contends that the re-delivery of the note by the plaintiff to Kinkead, did, by operation of law re-invest him with the legal title to it. This position is wholly irreconcilable with our decision in the case of Block vs. Walker 2 Ark. Rep. 4, where it is held, that when a note or bond is regularly assigned and delivered to the assignee, the legal title can only pass from him to another by a re-assignment of such note or bond. Nor does this decision, in the slightest degree, conflict with our later decisions. In the case of Martin vs. Warren, 6 Eng. 285, the assignment was made by a blank endorsement and delivery of the bill, which bill, with the endorsement still in blank, came again to the hands of the assignor. It was held that being thus returned in blank, it vested in the holder a right to fill up the blank, and perfect the assignment in himself, or to pass it to another: and this rule was recognized and re-affirmed in Sanger vs. Sumner. The counsel seems to have urged the applicability of the rule in Martin vs. Warren, to the case under consideration, under a misapprehension of the facts set up in the plea. It is not averred as he seems to suppose, that the assignment was in blank. And taking the construction against the pleader, we must infer that it was otherwise, or he would hav'e so stated it. The facts of the case bring it directly within the rule laid down in Block vs. Walker: and the rule there held is decisive of this point. Therefore the Circuit Court did not err in sustaining the demurrer to said plea. As regards the alleged error of the court below, in compelling the pleader to elect, which of two pleas setting up the same defence, he would rely upon, there can be no doubt, from the nature of the two pleas, that the court decided correctly. Precisely the same grounds are relied upon, but slightly different in the statement of them. If the difference of the statement of facts would make one a valid defence, and the other not, it is .the fault of the party, should he elect to rely upon that which is insufficient, and he has no cause for complaint,, that he selected the wrong plea. There is no other point which we deem- it important to notice. Judgment affirmed. Watkins, Cl J., not sitting,