Dunlap v. O'Bannon

delivered, the opinion of the Court.

Dunlap, as attorney at law, for Jackson, Laywell & Co. had recovered a judgment in their favor against Young as principal, and Burdett as his surety, and on the next day Young placed in his hands notes upon three other persons for collection, as collateral security for the judgment, with parol directions to Dunlap to apply the proceeds, when collected, towards the payment of the judgment. Dunlap gave his receipt to Young for the notes placed in his hands for collection. In about a month thereafter, Young assigned Dunlap’s receipt to O’Bannon, and after the…