Summary

Lanusse v. Barker — Opinion of the Court

John Taber & Son,
I am this day advised of Paul Lanusse's having drawn on you to the amount of ten thousand dollars, which bills were forwarded to you for acceptance: for the payment of those drafts I am not liable, as I only promised to accept in case of his drawing on me. You undoubtedly, accepted those bills; if not, and you have them, be pleased at all events, to accept them, as if they are returned without acceptance, the charge will be, as at first, for the shipment for which Lanusse may possibly think me answerable, but if the bills are accepted, he can only look to you.
Source: Wikisource

Lanusse v. Barker — Opinion of the Court

Where the surety has expressed the sum and cause for which he became surety, his obligation does not extend beyond the sum and cause expressed. As if one become bound for the principal debt, he will not be liable for interest. 2. On the other hand, when the words of the suretyship are general and indeterminate, the surety is presumed to have bound himself for all the obligations of the debtor resulting from the contract to which he acceded; and, therefore, a surety in generel terms, is bound not only for the principal sum, but for interest
Source: Wikisource

Lanusse v. Barker — Opinion of the Court

We are not to inquire into the reasons which govern them in forming such contracts, or competent to judge, whether any other mode of complying with a contract may not be as convenient to them, as that which they have consented to be governed by. But it will be perceived, that this opinion can only effect the right of the plaintiff to recover the damages paid by him on the return of those bills, and has no effect, in this view of the case, upon the plaintiff's right to recover, upon the original guaranty of this debt, when legally demanded.
Source: Wikisource

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