Case ID: ky_29/html/0030-01.html
Source: Caselaw Access Project
Author: {"author": "\n      Chief Justice Robertson", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

John T. Mason, et al. vs. Biddle.
    April 27.
    Error to the Fayette circuit; Thomas M. Hickey, Judge.
    
      Bank JVotes. Judgment. Contract. Damages, measure of.
    
    Covenant.
    CaseD.
    On a cove-fo’SWorthe payment of ten thousand instalments66 “tobedis-’ chargedinthe eralf^recelv” aWeatthe1 " time of pay-monty m ths usual course ef business, in Kent^ck°” the measure of damages is the value of e severa m-sfalments at the times when became due.
   Chief Justice Robertson

delivered the opinion of the court.

On a covenant, dated in May 1821, for the payment of ten thousand three hundred and forty ^°^ars twenty-one cents, in three instalments, to be discharged in the currency generally receivable at the time of payment, in the usual course of business, itv state of Kentucky;” a verdict and judgment were rendered, in March, 1829, for fifteen thousand two hundred and forty-one dollars thirty-one cents, “in n°fes °f the Bank of the Commonwealth, and in notes on the Bank of Kentucky;” to reverse which, the defendants in the circuit court prosecute this writ of error

The legal measure of damages, was the value of ^le severaf instalments at the times when they became due. Although the covenant was not for gold or silver, nevertheless the creditor had no right to a judgment for any thing but the specie value of the currency « receivable, at the time of payment, in the usual course of business,” because the endorsement act of 1824* does not apply to the case.

Hoggin, Denny and Triplett, for plaintiffs; Combs and Chinn, for defendant.

Judgment reversed, and cause remanded fefr a new irlal.