Dunn v. Beaman &8212 No. 1 , 126 N.C. 764 ( 1900 )

This was a proceeding by a creditor under the Code, sec. 1448, to compel an account and settlement of the estate of John R. Beaman. The claim of M. J. Hobbs, the appellant, was No. 17, as numbered by the referee. The appellant, Hobbs, contended that he was assignee of a judgment which had been rendered against a firm composed of John R. Beaman, J. A. Ferrell and T. M. Ferrell. The referee found that Hobbs paid no money to the plaintiff in the execution, but that said money was "really, though not directly, paid to plaintiff by the judgment debtors, J. A. and T. M. Ferrell." This finding of fact was approved by the judge. There being evidence tending to support the finding it is conclusive on appeal. Clark's Code, sec. 422 (3 Ed.), and cases cited. The conclusion of law follows that the claim of M. J. Hobbs was extinguished and properly disallowed. Whatever balance, if any, is due the Ferrells on a settlement of their partnership accounts against John R. Beaman could be proven against Beaman's estate in this action, if not barred by the statute of limitations. This is not the case of a surety paying the debt of a principal, and if it had been, the judgment was extinguished because it was not assigned to a trustee (766) for the benefit of the surety. Browning v. Porter, 116 N.C. 62.

No error.

Cited: Fowle v. McLean, 168 N.C. 542.