Glasgow v. Lipse

Citations

• 117 U.S. 327
• 6 S. Ct. 757
• 29 L. Ed. 901
• 1886 U.S. LEXIS 1842

Syllabus

<p>Payment in good faith at its maturity in Virginia in Confederate currency of a debt contracted there in 1860 to be paid there in 1862, and the receipt and^ceeptance of the same by the creditor, discharged th,e debt.</p> <p>In 1860 two brothers, executors of the will of their father, who had resided in Virginia, and had died there, contracted in that State to convey, under a power in the will, real estate of the testator on tlie payment, among other things, of a bond then executed by the purchaser for the payment of a sum of money in 1S62. One of the executors resided in Indiana, and continued to reside there during and after the close of the war. The other received in Virginia in 1862 (by request of legatees under the will who accepted the same in payment of their distributive shares) payment of the bond in Confederate money, and accounted for the same to the court in 1864. In a suit commenced by the surviving executor against the executor of the obligor on the bond to recover payment of the bond: Meld, That the payment to the resident executor in Confederate currency was a valid payment.</p>