Ames v. Quimby
Supreme Court of the United States
.Ebbob to tbe Circuit' Court of tbe United States for tbe Western District of Michigan.' Quimby brought an action against Ames & -Sons, upon the following contract, viz.: — “ N. Easton, Jan. 2, 1865. “ Mr. Ichabod L. Quimby agrees to furnish us, and we to take from him, fifteen thousand dozen long shovel-handles, to be of the best quality of timber and workmanship, for the present year, the price to be ($1.25) one dollar and twénty-five cents per dozen, basing the price on…
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.Ebbob to tbe Circuit' Court of tbe United States for tbe Western District of Michigan.' Quimby brought an action against Ames & -Sons, upon the following contract, viz.: — “ N. Easton, Jan. 2, 1865. “ Mr. Ichabod L. Quimby agrees to furnish us, and we to take from him, fifteen thousand dozen long shovel-handles, to be of the best quality of timber and workmanship, for the present year, the price to be ($1.25) one dollar and twénty-five cents per dozen, basing the price on tbe present price of gold, $2.25. “ If the price of gold goes up or down, then the price of bandies shall be advanced or…
1Opinion of the CourtJustice Hunt
The contract of the parties is, in several particulars, susceptible of different constructions. Thus, the price of the articles to be delivered is fixed at $1.25 per dozen, to be regulated, however, by the price of gold. “If the price' of gold goes up or down, the price of the handles shall be advanced or reduced accordingly.” If gold goes up in price, does the price of the goods go up,-or do they go down? Gold is here made the standard of value, although it was not, at the time this contract was made, the ordinary medium of circulation in this, country.
Instead of saying that gold, the…
2Cited by8 opinions
- Ames v. QuimbySupreme Court of the United States · 1882
- Burlington Grocery Co. v. LinesSupreme Court of Vermont · 1923
- Einhorn v. Ceran Corp.New Jersey Superior Court Appellate Division · 1980
- American Refining Co. v. StaleyCourt of Appeals of Texas · 1925
- Solter v. Leedom & Worrell Co.Court of Appeals for the Fourth Circuit · 1918
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