Manville v. Karst

The defendant admits that, as a stockholder in the insolvent bank at Belleville, be became liable in the sum of §1,200, under the double-liability law, to the creditors of that bank. The plaintiff, being an admitted creditor, sued defendant accordingly. A few days thereafter, and before judgment could be bad in the ordinary course, a friend of the defendant bought up outstanding claims against the bank at a large discount, and, through confession of judgment by defendant, obtained full payment of the sum of $1,200. This latter judgment, and satisfaction thereof, are pleaded in bar to the *174prese…