Bottomry
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 14 U.S. 96 - Walden et al · 1816Most cited · 25 citing opinions
necessity required
— To make a bottomry bond executed by the master a valid hypothecation of the ship, it must be shown by the creditor that the master acted within the scope of his authority;
— or, in other words, it must be shown that the advances were made for repairs and supplies necessary for effectuating the objects of the voyage, or the safety and security of the ship; and no presumption should arise, that such repairs and supplies could be procured upon any reasonable terms, with the credit of the owner, independent of such hypothecation.
How often courts cite the case defining “Bottomry”
Court decisions citing the opinion that defined “Bottomry” — 25 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.