Faulcon v. Harriss

2 Va. 550
CourtSupreme Court of Virginia
DecidedMay 20, 1808
StatusPublished

This text of 2 Va. 550 (Faulcon v. Harriss) is published on Counsel Stack Legal Research, covering Supreme Court of Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Faulcon v. Harriss, 2 Va. 550 (Va. 1808).

Opinion

Wednesday, May 25. 'The Judges delivered their opinions.

Judge Tucker

(after stating the case) gave the following opinion:

In this case it may he sufficient to say that, there is no averment in-the declaration, that there was any difference between the price of lands and negroes, when the payment ought to have been made, and the price thereof in 1774; nor any averment that the defendant refused to choose au arbitrator on his part, to determine what that difference was; nor, (as might have been the case,) that arbitrators had been chosen, anu had made an award, which the de[554]*554fendant had refused to perform. Without one or more of which averments, according to the truth of the case, the plaintiff could not, in this action recover more than 1,000/. specie, with interest, or whatever part thereof might remain unpaid.

I am, therefore, of opinion that the judgment be aeFIRMED.

Judge Roane.

The bond declared on in this case, stipulates for the payment of 1,000/. certain; and, eventually, for a greater sum. Smarting, possibly, under the effects of the then recent depreciation of paper money, and wishing in any event, to receive the value of his land; the intestate of the appellant, stipulated for .an eventual resort to a standard more stable than money, which is liable to be diminished in its value by casual and fortuitous circumstances, and even by a natural and progressive depreciation A resort to this standard is no more unlawful and usurious, than a reference to corn or any other article of the first necessity. It would surely be lawful for one (in a contract) to bind another, under a penalty, to the payment of 100/. if on such a day it would purchase 100 barrels of Indian com, and if not, then such further sum as would be adequate to such purchase. The value of the corn is the sum contemplated by both parties in such case, and I do not see how this contract could possibly be deemed usurious.

On the bond in question, the appellant had his option to go for the 1,000l. only, or for such ulterior and additional sum, as he might think himself entitled to, by the terms of his contract. In this last case, however, it would be absolutely necessary to aver and set out in the declaration, the amount of this extra sum, as agreed upon by the parties, or as ascertained by their referees. This ascertainment forming in this case, quoad hoc, the very gist of the action, must be stated in the declaration,

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Related

Chichester v. Vass
1 Am. Dec. 509 (Court of Appeals of Virginia, 1797)

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Bluebook (online)
2 Va. 550, Counsel Stack Legal Research, https://law.counselstack.com/opinion/faulcon-v-harriss-va-1808.