Louisa-W[1].-Hamer-v.-Franklin---Sidway.ppt
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Louisa-W[1].-Hamer-v.-Franklin---Sidway.ppt
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LouisaW.Hamerv.FranklinSidway,NewYorkCourtofAppeals(1891)27N.E.256,Parties,AppellantHamervs.AppelleeSidwayNote:
TheNewYorkCourtofAppealsisthehighestcourtinthestateofNewYork.,Facts,Atafamilycelebration,WilliamE.Story,Sr.,madeapromisethatifhisnephew,WilliamE.Story,2d,then15yearsold,wouldrefrainfromdrinkingliquor,usingtobacco,swearing,andplayingcardsorbilliardsformoneyuntilhewas21yearsold,theunclewouldpayhimthesumof$5,000.Atthetime,thenephewsmokedtobaccoandoccasionallydrankliquor.Thenephewagreedandcompliedwiththetermsofhisunclesoffer.Uponreachingtheageof21,thenephewtenderedademandonhisUncleforthemoney.,Facts,Theunclerepliedthathefullyintendedtohandoverthe$5,000,butonlyafterthenephewwasolderandwouldusethemoneywisely.Atsuchtime,thenephewwouldreceivethe$5,000plusaccruedinterest.Thenephewneverreceivedthemoney.Eventuallyhetransferredhisrighttoreceivethe$5,000plusinteresttohiswifewholatertransferredtherighttoLouisaW.Hamer.BeforeHamerwasabletocollectthemoney,theuncledied.HamersuedSidway,theexecutoroftheunclesestate,torecoverthe$5,000plusinterest.,FranklinSidway,WhatistheLegalIssue?
Wasthereanenforceablecontract?
OfferandAcceptanceConsiderationLegalityofPurposeDidNephewsconductcreatealegallyenforceablecontract?
Specifically,wasthenatureofNephewsconductlegallysufficientconsiderationforUnclespromisetopay?
DefendantsArgument,Thereisnoconsiderationunlessthepromisor(Uncle)receivedsomebenefitfromthepromisees(Nephews)actions.Here,thepromisor(Uncle)receivednobenefitfromthepromisees(Nephews)actions.OnlytheNephewbenefited.,RuleofLaw,Valuableconsiderationmayconsistofeither:
Someright,interest,profitorbenefitaccruingtooneparty,orSomeforbearance,detriment,lossorresponsibilitygivenorsufferedbytheother.Awaiverofanylegalrightattherequestofanotherissufficientconsiderationforapromise.,HoldingoftheCourt,TherewasvalidconsiderationgivenbytheNephew.Thenephewhadthelegalrighttosmoketobacco,drinkliquor,swearandplaycards.Heabandonedhislegalrightorfreedomtodothosethings.HedidthisattherequestofhisUncle.,CourtsResponsecontd,Itdoesnotmatterthatthenephewhimselfbenefitedbyrefrainingfromsmoking,drinkingandgambling.ItalsodoesnotmatterwhethertheUnclereceivedanysubstantialvaluefromtheNephewsforbearance.“Courtswillnotaskwhetherthethingwhichformstheconsiderationdoesinfactbenefitthepromiseeorathirdparty,orisofsubstantialvaluetoanyone.”,SecondLegalIssue?
Isthisactionbarredbythestatuteoflimitations?
Isthisanactionfoundedincontractorintrust?
Weretherelationsofthepartiesthatofdebtorandcreditor(contractual)orthatoftrusteeandcestuiquetrust(thebeneficiaryofatrust)?
Iftheformer,itisbarredbythestatuteoflimitations.,Trust,Anentitycreatedtoholdassetsforthebenefitofcertainpersonsorentities,withatrusteemanagingthetrust.Inthiscase,iftherewasatrust:
Storey,Sr.(trustee)wouldbeholdingassets(money)forthebenefitofStorey2d(beneficiary).,HoldingoftheCourt,Theactionisfoundedintrustand,therefore,notbarredbythestatuteoflimitations.,WhatFactsareCrucialtoDeterminationoftheSecondIssue?
TheNephewhadalegalrighttothe$5,000.TheUnclewasinlegalpossessionofthe$5,000whenhewrotehisletterofFeb.6,1875offeringtoholdthemoneyforthebenefitofhisNephew.HeofferedtopayhisNephewinterestontheprincipalsum(consideration).TheNephewagreedtothisarrangement.ThesefactsledtheCourttoholdthatavalidtrustwascreated.,THEEND,QUESTIONS?
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- 关 键 词:
- Louisa Hamer Franklin Sidway