Meggett v. Baum
Mississippi Supreme Court
Error to the Circuit Court of Warren County. Hon. UptoN M. YouNG, Judge. Assumpsit in the name of W. McD. Meggett, for the use of James Murray, against J. F. Baum, on his acceptance of the following bill of exchange: K$500. YicKSbuRG, Deo. 11,1876. “ Twenty days after date, pay to the order of myself, five hundred dollars, value received, and charge the same to account of “ W. McD. Meggett. “ To J. F. Baum:, Esq., “ Yicksburg, Miss.”
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Error to the Circuit Court of Warren County. Hon. UptoN M. YouNG, Judge. Assumpsit in the name of W. McD. Meggett, for the use of James Murray, against J. F. Baum, on his acceptance of the following bill of exchange: K$500. YicKSbuRG, Deo. 11,1876. “ Twenty days after date, pay to the order of myself, five hundred dollars, value received, and charge the same to account of “ W. McD. Meggett. “ To J. F. Baum:, Esq., “ Yicksburg, Miss.” Baum pleaded that be accepted, without consideration, for Meggett’s accommodation, and also that he was released by an agreement, made after maturity of the bill…
1Opinion of the CourtCampbell, J.
The bill haying been accepted by Baum for the accommodation of Meggett, and to enable him to raise money by negotiating it, the transfer of the bill by Meggett to Murray, for value, invested Murray with the beneficial ownership of it, and entitled him to maintain an action in the name of Meg-gett for his use against Baum. There is no want of consideration available to Baum; for the value paid by Murray to Meggett for the paper supports the acceptance. It was for that it was made; viz., to enable Meggett to get money. He got it; and it does not absolve Baum from his acceptance that Meggett,…
2Cited by9 opinions
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- Hederman v. CoxMississippi Supreme Court · 1940
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