Coolidge v. Payson,
15 U.S. 66 (1817)

Annotate this Case
  • Syllabus  | 
  • Case

U.S. Supreme Court

Coolidge v. Payson, 15 U.S. 66 (1817)

Coolidge v. Payson

15 U.S. 66


A letter, written within a reasonable time before or after the date of a bill of exchange, describing it in terms not to be mistaken, and promising to accept it is, if shown to the person who afterwards takes the bill on the credit of the letter, a virtual acceptance binding the person who makes the promise.

The prevailing inducement for considering a promise to accept as an acceptance is that thereby credit is given to the bill.

Disclaimer: Official Supreme Court case law is only found in the print version of the United States Reports. Justia case law is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.