Fordyce v. Ellis
Before: Shafter
Synopsis
Release of Liability of Sureties on Executor’s Bond.—If, in an action against the executors of an estate, brought by the legatees to recover a judgment for money found to be in the hands of the executors, and adjudged- to be paid to the legatees by the Probate Court, a judgment is entered by consent of the parties under a stipulation in writing, and made a part of the judgment, payable in instalments thereafter, the sureties, not consenting to the arrangement, are released from their liability on the executor’s bond.
By the Court, Shafter, J. This is an action against the defendants as sureties to a bond given on behalf of W. W. Sheldon, executor of the last will and testament of John M. Fordyce. The appeal is from the judgment, and the only question is, whether the findings coupled with the admissions contained in the answer, support the judgment. .
The plaintiffs were residuary legatees in the will of Fordyee. The will was duly probated, and afterwards, on the 29th of December, 1860, there was found, in due course of proceedings, to be in the hands of Sheldon and his co-executor, Ellis, the sum of five thousand eight hundred and forty-six dollars and seven cents, which amount, by the decree of the Probate Court, then made, the executors were directed to pay to the plaintiffs, according to the terms and requirements of the will.
[99]The plaintiffs, in March, 1861, instituted a suit against the executors to recover the said five thousand eight hundred and forty-six dollars and seven cents, and on the 7th of November of the same year judgment was entered for the plaintiffs, “ on their motion and by consent of defendants,” for five thousand five hundred and forty-six dollars and seven cents and costs, “ in pursuance of the terms ” of a stipulation, which was itself “ entered of record in full as an order of Court in said cause.” The stipulation was as follows :
“ Catharine Fordyce et al. v. Francis Clark and W. W. Sheldon.—Whereas, the said defendants have this day consented to the entry and rendition of judgment against them for the sum of five thousand five hundred and forty-six dollars and seven cents damages, and one hundred dollars and fifty-five cents costs of suit; now, therefore, plaintiffs promise and agree that if defendants pay to plaintiffs at this date the sum of five hundred dollars, and the sum of five hundred dollars per month on the sixth day of each month thereafter, until the whole of said judgment be paid and satisfied, that they will not issue execution to enforce said judgment or any part thereof; and that plaintiffs will at no time issue execution for a greater sum than for such monthly instalments as shall become due and be unpaid at the time of issuing execution, and this stipulation may be entered as an order of Court.”
It further appears that Clark and Sheldon paid to the plaintiffs the first five hundred dollars on the day the judgment was entered, as provided in the stipulation and the order made thereon.
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