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REED v. INGRAHAM

3 U.S. 505 (____)

3 Dall. 505

REED versus INGRAHAM.

Supreme Court of United States.

BY THE COURT: — The action is well brought, as it is founded on a contract, in which the Defendant expressly stipulates, that he will receive the stock from, and pay the price to, Joseph Boggs, or his order. On general principles of law, stock contracts cannot be regarded as negotiable; but a contractor may certainly make himself liable as if they were so; and the maxim, modus et conventio vincunt leges, applies forcibly to...

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