Court Opinion

ID: 8257168
Source: CourtListenerOpinion
Date Created: 2022-10-16 15:32:56.442855+00
Date Added: 2024-06-11T16:43:00.874713
License: Public Domain

Fisher, J.,
delivered the opinion of the court.
This was an action in the Circuit Court of Yazoo county, by the second indorser of a promissory note, against the representatives of the first indorser. It appears that the second indorser being sued, was compelled, by judgment recovered by the holder, to pay the amount of the note; and the defence now set up is, that the second indorser had been duly declared a bankrupt, before the judgment above-named was recovered against him, and that he “ negligently omitted” to avail himself of this defence.
Bankruptcy was a defence of which the party might have availed himself, or have waived, at his pleasure. It was certainly not a defence of which the first indorsers could have availed themselves, if the suit which was commenced against them had been prosecuted to final judgment.
Judgment affirmed.