New York Supreme Court July 15, 1839 (Blanchard v. Ely)

By the Court,

Cowen, J.

The objection that-the assignment of the articles of agreement by the plaintiff to one of the defendants, should have been received as a bar, is founded on the principle that where the right of the creditor and the liability of the debtor, or any one of several debtors meet in the same person, such coincidence works a release by operation of law.