American law register - v. 10 Author:Unknown Author Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: other party the sum of three hundred dollars, which shall be paid in fall, on or before the forfeiture as above." Held, that on a failure by B. to perform the co... more »ntract, he was liable for the full sum of three hundred dollars as liquidated damages : Lynde vs. Thompson. Sale of Railroad Bonds—Erroneous Certificate of their being secured fcy a first Mortgage, how far Defence to Note for Pur chase-Money—Whether Purchaser relied on Certificate, to be left to Jury.—If a railroad company issues and sells bonds bearing upon their face a certificate, signed by persons describing themselves as trustees, that the same are secured by a first mortgage to them in trust for the bondholders, there is no absolute presumption that a purchaser thereof relies upon such certificate; and, in an action upon a note given by him as a part of the consideration of the purchase, the question should be submitted to the jury to determine whether he accepted the bond, relying to any extent upon such certificate : Edwards vs. Marcy. LEGAL INTELLIGENCE AND REFORM. The late session of the British Parliament has been more than commonly productive in law reforms. It is a fact not fully understood by the profession in this country, in many instances, we believe, that legal reforms, taking their rise in Great Britain from the example of this country, have far outstripped us in almost all useful improvements in legislation in the last twenty years. In the simplification of process and procedure, and in the accommodation of remedies to afford the desired results, in all the courts of the nation, high or low, the late English statutes, called the Common Law Procedure Acts, are well worthy of imitation upon this side of the Atlantic. In some respects, our codes of practice, and the consolidation of the different ...« less