Reports of Cases Argued And Determined in the Supreme Court of ..., volume 36
Reports of Cases Argued And Determined in the Supreme Court of ..., volume 36
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In our eReader you can find the full English version of the book. Read Reports of Cases Argued And Determined in the Supreme Court of ..., volume 36 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Reports of Cases Argued And Determined in the Supreme Court of ..., volume 36
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The charter of the company (Acts 1843-4, p. 170) imposed no obligation on it to complete all or any part of the road within any given time. But, by the act of 1864, the legislature pro- posed to the company, that if it would grade one-fifth of the road within two year$ from the date of that act, and give bond to complete the entire road in ten years, it should receive on certain specified terms ^60,000 of the three per' cent, fund, and that on the completion ot each eucceeding fifth part of the... road, and the giving of a li^e bond, it should receive the samean^ouut.* The company accepted this proposition of the legislature, and, in pur- suance of it, graded the first fifth part of the road within the time stipulated; has since then graded other portions of the road, and, having .given bond and security as re- quired for the completion of the entire road in ten years^ has received from the State two payments, of $60^000 each, out of the fund designated by the act. Here are all the elements of a valid and binding contract — the con- currence of intention between two parties compjBtent to contract, one of whom promises something to the other, in consideration of something agreed to be done by the latter.
What to read after Reports of Cases Argued And Determined in the Supreme Court of ..., volume 36?
You can find similar books in the "Read Also" column, or choose other free books by Alabama Supreme Court to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The charter of the company (Acts 1843-4, p. 170) imposed no obligation on it to complete all or any part of the road within any given time. But, by the act of 1864, the legislature pro- posed to the company, that if it would grade one-fifth of the road within two year$ from the date of that act, and give bond to complete the entire road in ten years, it should receive on certain specified terms ^60,000 of the three per' cent, fund, and that on the completion ot each eucceeding fifth part of the... road, and the giving of a li^e bond, it should receive the samean^ouut.* The company accepted this proposition of the legislature, and, in pur- suance of it, graded the first fifth part of the road within the time stipulated; has since then graded other portions of the road, and, having .given bond and security as re- quired for the completion of the entire road in ten years^ has received from the State two payments, of $60^000 each, out of the fund designated by the act. Here are all the elements of a valid and binding contract — the con- currence of intention between two parties compjBtent to contract, one of whom promises something to the other, in consideration of something agreed to be done by the latter.
What to read after Reports of Cases Argued And Determined in the Supreme Court of ..., volume 36?
You can find similar books in the "Read Also" column, or choose other free books by Alabama Supreme Court to read onlineMoreLess
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