Merchants' Nat. Bank v. Sevier

I fully concur in the conclusion announced in the foregoing opinion, and in the reasoning by which it is supported. In construing and enforcing contracts made or to be performed in a state where a different rule has become established law, I might be inclined to abide by the local adjudications, but the doctrine of the foregoing opinion will be followed in all cases not falling within this exception, unless the supreme court shall otherwise decide.

It is common, especially in the west, to write provisions in promissory notes and bills of exchange agreeing to pay, besides principal and…