Opinion of Hon Edward Bates Attorney General of the United States On the Val
Opinion of Hon Edward Bates Attorney General of the United States On the Val
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And yet, without assigning any reason for their lack of know- ledge, they avow their ignorance of the terms of the contracts under which they were vesting large sums of money j and they utterly ignore the statute laws which govern such contracts.
5. Under these circumstances, it requires, I think, some degree of boldness to affirm that Messrs. Peirce & Bacon, who I understand are eminent merchants, are prudent and innocent holders of the drafts. For value, believing them to be mercantile bills ...of exchange.
I said above that the claimants rested their right upon the sole ground of legal obligation, resulting from the facts of the drawing, the accepting, and the endorsing of the drafts. Perhaps that state- ment ought to be a little modified ; for I perceive that one of the learned counsel (by way, I suppose, of committing the government to an acknowledgment of the validity of the drafts, as accepted, ) 9 state?, in his printed argument, that ;t acceptances taken by them and their correspondents had been duly paid, as they matured.
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To quickly assess the difficulty of the text, read a short excerpt:
And yet, without assigning any reason for their lack of know- ledge, they avow their ignorance of the terms of the contracts under which they were vesting large sums of money j and they utterly ignore the statute laws which govern such contracts.
5. Under these circumstances, it requires, I think, some degree of boldness to affirm that Messrs. Peirce & Bacon, who I understand are eminent merchants, are prudent and innocent holders of the drafts. For value, believing them to be mercantile bills ...of exchange.
I said above that the claimants rested their right upon the sole ground of legal obligation, resulting from the facts of the drawing, the accepting, and the endorsing of the drafts. Perhaps that state- ment ought to be a little modified ; for I perceive that one of the learned counsel (by way, I suppose, of committing the government to an acknowledgment of the validity of the drafts, as accepted, ) 9 state?, in his printed argument, that ;t acceptances taken by them and their correspondents had been duly paid, as they matured.
What to read after Opinion of Hon Edward Bates Attorney General of the United States On the Val?
You can find similar books in the "Read Also" column, or choose other free books by United States Attorney General to read onlineMoreLess
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