Scottish Court of Session Decisions

Subject_1 PERICULUM.
Subject_2 SECT. X.

Hazard of the rising or falling of Money.

Hamilton
v.
Corbet

Date: 6 February 1731
Case No. No 77.

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The value imposed upon money, by public authority, is the only thing considered in payments, and not the metal of which it is made; at the same time, it is not at the time of contracting the debt that the value of the money is to be considered, but the time of payment; and, therefore, when the value of the coin is augmented or diminished, the profit or loss is the debtor's and not the creditor's.—See Appendix.

Fol. Dic. v. 2. p. 62.