clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Brantly's annotated Bland's Reports, Chancery Court 1809-1832
Volume 198, Volume 2, Page 487   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

WATKINS v. WORTHINGTON—2 BLAND. 487

The auditor's report confirmed as to all claims not objected to by him.

Where it appears from the voucher filed by a creditor as evidence of his
claim, that the deceased was jointly liable with others, the creditor must
shew whether or not the deceased was equally bound as a debtor, or as
principal, or surety: or whether he was bound with others as co-surety.

"If he was bound as principal, then the creditor is allowed to come in for the
whole amount; otherwise for only a proportion of his claim.

The reasons and grounds of these rules examined and considered.

The interests of infant defendants should be protected as far as practicable:
but the parol cannot demur; nor can the claims of others be in any way
impaired in their favor.

The course of proceeding against persons non compos mentis, and against
femes covert.

Where the debt is joint and several all the debtors must be brought before
the Court: the exceptions to this rule.

The general rule, that all persons interested must be made parties, is made
to yield where necessary, either as to plaintiffs or defendants.

A creditor's suit does not profess to be the demand of a single creditor; but
is a call for the administration of the estate for the benefit of all.

The principles of law and equity in relation to principal and surety.

The principles of equity in relation to the marshalling of assets and securities.

Where a creditor has his debt secured by a lien or mortgage upon two funds,
and another has an interest in only one of the funds, he may compel the
one whose debt is secured by both to resort to the other, so far as it may
be necessary to satisfy both claims.

This equity is never admiaistered ex officio. nor at the suit of the debtor, but
only at the instance of one creditor against another; by which the debtor
may, nevertheless, indirectly derive benefit. (5)

But the assets can never be marshalled to the prejudice of the creditor, or so
as to suspend or put in peril his claim, or upon any other terms than
giving him entire satisfaction.

In cases of bankruptcy, wherever the creditor holds a double security he
may make choice of either or pursue both, so he does not obtain a double
satisfaction.

In such cases the creditor himself makes choice of the security from which
he will obtain satisfaction, and the bankruptcy Court, so far from lessen-
ing the obligation of any of his securities, or driving him from any one
of them, will assist him in enforcing his contract to the extent of its
jurisdiction, so as to insure to him one complete satisfaction, (c)

But in equity, in creditor's suits, the Court officiously interferes and throws
upon the creditor the burden of showing whether the deceased was
principal or surety, or co-surety; and then, unless he also proves, that
the co-surety or principal debtor is insolvent, pushes the creditor par-
tially or entirely away from that portion of his security by which the
deceased's estate might have been made liable.

(b) Approved in Gen. Ins. Co. v. U. S. Ins. Co. 10 Md. 528. See also as to
marshalling assets, Woollen v. Bitten, 9 Gill, 186, note (c); Chase v. Locker-
man, 11 G. & J. 185; Brown, v. Freestone Co. 55 Md.- 547.

(c) Approved in Garey v. Hignutt, 32 Md. 560; Zollickoffer v. Seth,U Md.
376. See Buchanan v. Bordley, 4 H. & McH. 41.

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Brantly's annotated Bland's Reports, Chancery Court 1809-1832
Volume 198, Volume 2, Page 487   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 06, 2023
Maryland State Archives