Louisa-W[1].-Hamer-v.-Franklin---SidwayPPT课件下载推荐.ppt

Louisa-W[1].-Hamer-v.-Franklin---SidwayPPT课件下载推荐.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?

@#@,