Knox v. Jones

Decided January 1, 1792

Supreme Court of the United States · decided 1792

THIS was an action on the case for goods sold and delivered ; and the only question agitated upon the trial, was whether the plaintiff was entitled to recover interest? It was proved, that at the time of the sale, the defendant was informed, that it was the course of the trade to give fix months credit ; or, if cash was paid, to discount five per cent; but that punctuality, and not interest, was the object of the plaintiffs.

Cited by 2 later decisions (1 by the Supreme Court) — most recently November 1887

1 state decisions

Good law ✅— No negative treatment on recordhow we know

Decided 1792

View the full empirical analysis of this case →

¶1THIS was an action on the case for goods sold and delivered ; and the only question agitated upon the trial, was whether the plaintiff was entitled to recover interest? It was proved, that at the time of the sale, the defendant was informed, that it was the course of the trade to give fix months credit ; or, if cash was paid, to discount five per cent; but that punctuality, and not interest, was the object of the plaintiffs.

¶4By the Court:

¶5—The established course of the plaintiffs’ trade is proved ; and, also, the knowledge of the defendant. *194It appears, therefore, to be a part of their contract, that interest should commence, at the expiration of the fix months credit.

¶6Verdict accordingly.