Court Opinion

ID: 8003114
Source: CourtListenerOpinion
Date Created: 2022-09-09 01:50:58.808922+00
Date Added: 2024-06-11T16:35:46.966333
License: Public Domain

Currier, Judge,
delivered the opinion of the court.
The defendant, in his answer, admits his indebtedness to the plaintiff according to the allegations of the petition, but avers that the plaintiff is insolvent, and that the defendant is liable, as the plaintiff’s surety, upon an over-due promissory note to a third party; that a suit has been commenced to foreclose a mortgage given by the plaintiff to secure the note, and that the mortgaged property, in the opinion of the defendant, will prove insufficient to pay said note in full. The defendant therefore'prays that the present suit be enjoined until it shall be ascertained by the results of the foreclosure suit whether any balance will remain upon said note after applying tho proceeds of the mortgaged property, which the defendant may hereafter be called upon to pay.
Numerous authorities have been cited by the defendant’s counsel which affirm the doctrine of equitable offsets. But this is not a case of that character. The answer discloses no existing claim in favor of the defendant against the plaintiff, either legal or equitable, nor docs it disclose grounds for an injunction.
The judgment in favor of the plaintiff was for the right party and will be affirmed.
The other judges concur.