Richardson Bros. & Co. v. Fields
Supreme Court of Alabama
Appeal from Blount Circuit Court. Tried before Hon. J. A. Bilbro. The plaintiffs in this case, who are the appellants, were the transferrees of a promissory note executed by the defendants to Lovett, the payee of the note for services he had rendered to the Blount College Co., a corporation. The makers of the note were the directors of the College Company, and there was no consideration for the note except the obligation of the company to Lovett.
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Appeal from Blount Circuit Court. Tried before Hon. J. A. Bilbro. The plaintiffs in this case, who are the appellants, were the transferrees of a promissory note executed by the defendants to Lovett, the payee of the note for services he had rendered to the Blount College Co., a corporation. The makers of the note were the directors of the College Company, and there was no consideration for the note except the obligation of the company to Lovett. The note was in these words: “One day after date Ave promise to pay J. A. B. Lovett or hearer two hundred and eighty-four and 35-100 dollars value…
1Opinion of the Court
' DOWDELL, J.
— Among other pleas filed by the defendant in- this case- was the plea of a Avant of consideration. The evidence; without conflict, shows that the note, the foundation of this suit, Avas given for an antecedent debt of the Blount College Co., a body corporate, to the payee, J. A. B. Lovett, for services Avhich had *537been rendered by said Lovett as a teacher for said company. 'There was no new consideration moving to the defendants, the makers of this note. The mere promise, as in this case, of the defendants to pay the debt of another, on no other consideration than the debt, is a…
2Cases cited6 opinions
- Rutledge's Adm'r v. Townsend, Crane & Co.Supreme Court of Alabama · 1863
- Gordon v. McIlwainSupreme Court of Alabama · 1886
- Beall & Co. v. RidgewaySupreme Court of Alabama · 1850
- Watson v. Reynolds & StuckeySupreme Court of Alabama · 1875
- Hester v. WessonSupreme Court of Alabama · 1844
1 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Zadek v. ForcheimerAlabama Court of Appeals · 1918
- Dillworth v. Holmes Furn. & Vehicle Co.Alabama Court of Appeals · 1916
- Skipper v. Wright & ColquettAlabama Court of Appeals · 1942
- Whitaker v. Hofmayer Dry Goods Co.Supreme Court of Alabama · 1924
- Cotton v. CourtrightSupreme Court of Alabama · 1926
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