Belcher v. Loveland
Massachusetts Supreme Judicial Court
Contract upon the following agreement under seal, signed by the plaintiff and the defendant and W. B. Wentworth, and dated March 20, 1868 : “ Know all men by these presents, that Ephraim F. Belcher, of Randolph, has this day purchased from W. A. H. Loveland, of Golden City, C. T., forty shares of the stock of the Golden City Mineral and Land Co., upon the following terms and conditions, to wit: The said E. F. Belcher has paid the said Loveland ten hundred and forty dollars,…
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Contract upon the following agreement under seal, signed by the plaintiff and the defendant and W. B. Wentworth, and dated March 20, 1868 : “ Know all men by these presents, that Ephraim F. Belcher, of Randolph, has this day purchased from W. A. H. Loveland, of Golden City, C. T., forty shares of the stock of the Golden City Mineral and Land Co., upon the following terms and conditions, to wit: The said E. F. Belcher has paid the said Loveland ten hundred and forty dollars, at the rate of 26 dollars per share for said forty shares. Now, in consideration of the said E. F. Belcher having made…
1Opinion of the CourtAmes, J.
By the terms of the agreement, the defendant undertook to indemnify the plaintiff, at the end of three years, against any loss which he might sustain in consequence of his purchase of the stock. There could be no breach of the agreement on the defendant’s part until the expiration of the three years; and nothing then became payable from him, except the loss up to that time. His guaranty did not extend to any latei period. A sale of the stock at the end of the three years, supposing it to be fairly conducted, might have furnished a conven*541lent measure of its value at that time, but there is…
2Cited by3 opinions
- Bullock v. LewisColorado Court of Appeals · 1912
- Wilson v. BicknellMassachusetts Supreme Judicial Court · 1898
- Bullock v. LewisColorado Court of Appeals · 1912