Kingsbury v. . Lyon
Supreme Court of North Carolina
Debt, submitted, upon a case agreed, to Watts, J., at Fall Term 1869, of Grahville Court. The suit was brought upon a bond for $1,000 00, executed by the defendants to the plaintiff, March 3d 1863, upon a loan of Confederate treasury notes by the plaintiff to the defendant, Lyon. The pleas were, General Issue, Illegal consideration.
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Debt, submitted, upon a case agreed, to Watts, J., at Fall Term 1869, of Grahville Court. The suit was brought upon a bond for $1,000 00, executed by the defendants to the plaintiff, March 3d 1863, upon a loan of Confederate treasury notes by the plaintiff to the defendant, Lyon. The pleas were, General Issue, Illegal consideration. If the Court were of opinion with the plaintiff, judgment was to be rendered for him, for $488 38, of which, &c., otherwise, judgment was to be for the defendants. His Honor gave judgment for the defendants, and the plaintiff appealed.
1Opinion of the CourtReade, J.
In the case of Phillips v. Hooker, Phil. Eq. 193, it was decided, upon full argument and much consideration, that Confederate Treasury notes were a sufficient consideration to support a contract, when such notes were used in ordinary dealings, without intent to aid the Rebellion. That case has been frequently cited with approbation ; so that the question is settled.
The judgment below is reversed, and judgment here for plaintiff upon the case agreed.
Per Curiam. Judgment reversed, &c.
2Cited by2 opinions
- State v. . HauserSupreme Court of North Carolina · 1922
- Holleman v. DeweyDistrict Court, D. North Carolina · 1872