Walker v. Jeffries
Mississippi Supreme Court
Ebbob to the circuit court of Panola county. Clayton, J. The facts are fully stated in the opinion of the court. We will consider but one'proposition of law involved in this case : Is the lending of money, knowing the borrower will make an illegal use of it, sufficient of itself to deprive the lender of the right to recover ? The mere knowledge of the illegal purpose for which money is borrowed will not at all affect the validity of the contract; but there must be on the…
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Ebbob to the circuit court of Panola county. Clayton, J. The facts are fully stated in the opinion of the court. We will consider but one'proposition of law involved in this case : Is the lending of money, knowing the borrower will make an illegal use of it, sufficient of itself to deprive the lender of the right to recover ? The mere knowledge of the illegal purpose for which money is borrowed will not at all affect the validity of the contract; but there must be on the part of the lender some participation or interest in the act itself. The illegal use to be made of the money loaned must…
1Opinion of the Court
Tarbell, J.:
On the 12th day of August, 1861, James Gr. Jeffries and forty others entered into a written obligation in the ordinary form of a promissory note, with a “seal,” however, added to their respective signatures, by which the signers jointly and severally promised, for. value received, to pay B. P. Walker or order the sum of $3,882 32, one day after its date, with interest at 10 per cent. To recover the amount due on this note, the payee instituted a suit against the makers, in the circuit court of Panola county, in May, *1631867. At the November term of that court the defendants…
2Cases cited6 opinions
- Armstrong v. TolerSupreme Court of the United States · 1826
- Brooks v. MartinSupreme Court of the United States · 1864
- Gilliam v. BrownMississippi Supreme Court · 1871
- Kreiss v. SeligmanNew York Supreme Court · 1850
- Cox v. ReynoldsIndiana Supreme Court · 1855
1 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Woodson v. HopkinsMississippi Supreme Court · 1904
- Gary, Hudson & Co. v. G. JacobsonMississippi Supreme Court · 1877
- Knut v. NuttMississippi Supreme Court · 1903