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Hobert v. Kimberly

Supreme Court of Connecticut

Decided January 15, 1793

Supreme Court of Connecticut · decided 1793-01-15

<p>A note for public securities, is to be estimated at tbeir value when payable, and the payments at the time when made.</p>

Decided 1793-01-15

¶1Action on note, dated the 1st of February A. D. 1789, for £143 16s. 2d. state securities, payable the 1st of February A. D. 1790. Case was defaulted, and heard in damages. *492There were several payments made upon the note in state notes in 1790 and 1791. The court estimated the note at the value of securities when payable, and the payments at the value of the securities when paid, and gave judgment accordingly.

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