Public-domain · open source
OpenJurist

Subsequent decision not retroactively unsettling settlements

Defined in 1 dictionary — Case Law

Definitions from Case Law

From 37 U.S. 32 - The Bank of the United States v. James Daniel et al. · 1838Most cited · 112 citing opinions

A subsequent decision of a higher court, in a different case, giving a different exposition to a point of law from the one declared and known, when a settlement between parties takes place, cannot have a retrospective effect, and overturn such settlement. The courts do not undertake to relieve parties from their acts and deeds fairly done, on a full knowledge of facts, though under a mistake of law. Every man is to be charged at his peril with a knowledge of the law.