Court Opinion

ID: 7152551
Source: CourtListenerOpinion
Date Created: 2022-07-24 16:02:29.155991+00
Date Added: 2024-06-11T16:15:10.079130
License: Public Domain

Opinion of the Court by
Judge Peters :
By a- very slight examination of the petition it will be seen that there is a total failure to stat'e the facts necessary to show that the obligors of the note were prosecuted with proper diligence to legal insolvency.
It does not appear when they were sued, nor when the execution was issued against them; these dates so important to show due diligence are left blank. Besides, it appears from the petition that the note was sold and passed by delivery from Hampton to appellee, and he fails to allege what he gave for the note, or that Hampton assumed and promised to be responsible in case the makers of the note proved insolvent — to rebut the presumption that he was not liable by the sale and delivery of the note without an assignment of it. And he fails to aver that Hampton represented to him that Lowe & Hunt were solvent when he sold the note to him, and thereby induced him to take the note when he knew they were insolvent at the time.
In no view, therefore, in which the petition can be considered are the facts therein stated sufficient to constitute a cause of action against appellants.
Wherefore, the judgment is reversed and the cause remanded for a new trial and further proceedings consistent herewith.