Bronson v. Rodes
Supreme Court of the United States
Error to the Court of Appeals of the State .of New York. The facts shown by the record were these: In December, 1851, one Christian Metz, having borrowed of Frederick Bronson, executor of Arthur Bronson, fourteen hundred dollars, executed his bond for the repayment to Bronson of the principal sum borrowed on the 18th day of January, 1857, in gold and silver coin, lawful money of the United States, with interest, also in coin, until such repayment, at the yearly rate of seven…
Read the full summary
Error to the Court of Appeals of the State .of New York. The facts shown by the record were these: In December, 1851, one Christian Metz, having borrowed of Frederick Bronson, executor of Arthur Bronson, fourteen hundred dollars, executed his bond for the repayment to Bronson of the principal sum borrowed on the 18th day of January, 1857, in gold and silver coin, lawful money of the United States, with interest, also in coin, until such repayment, at the yearly rate of seven per cent. To secure these payments, according to the bond, at such place as Bronson might appoint, or, in default of…
1Opinion of the Court
The CHIEF JUSTICE
delivered the opinion of the court.
The question which we have to consider is this:
Was Bronson bound by law to accept from Rodes United States notes equal in nominal amount to the sum due him' as full performance aud satisfaction of a contract which stipulated for the payment' of that sum in gold and silver coin, lawful money of the United States ?
It is not pretended that any real payment and satisfaction of an obligation to pay fifteen hundred and seven coined dollars can be made by the tender of paper money worth in' the market only six hundred and seventy coined dollars.…
2Cited by60 opinions
- Norman v. Baltimore & Ohio RailroadSupreme Court of the United States · 1935
- Perry v. United StatesSupreme Court of the United States · 1935
- Coal & Coke Ry. Co. v. ConleyWest Virginia Supreme Court · 1910
- Franklin Sanders v. William E. Freeman, Jr. And Charles BursonCourt of Appeals for the Sixth Circuit · 2000
- United States v. Isthmian Steamship Co.Supreme Court of the United States · 1959
55 more not listed; retrieve them via the Exa API.