Jamieson v. . Farr

The act of 1786, ch. 4, makes only bonds for money negotiable. Bonds for specific articles could never answer the purposes of trade, not being the representatives of any certain value, as money is. The assignee of such bonds could never know how much money to expect in lieu thereof, neither could he know whether the debtor would discharge the bond in the stipulated article or in money. But bonds for money are of a certain precise value; the payment must be in money; the assignee knows exactly how much he is to receive, and, when upon a man of good credit, may be readily substituted for the…