Summary

Portrait of David Josiah Brewer David Josiah Brewer Burck v. Taylor — Opinion of the Court

The profits which would have resulted if Schnell, with Taylor, Babcock & Co., had performed the contract, might have been very different from that which did result from the performance of the contract by Taylor alone. It is a mistake to suppose that the profits to be derived from the performance of a contract, as yet unexecuted, are something separable from the performance,-as a coupon is detachable from a bond,-and can be sent floating through the channels of commerce as a separate obligation.
Source: Wikisource

Portrait of David Josiah Brewer David Josiah Brewer Burck v. Taylor — Opinion of the Court

Nothing had been earned by Schnell, and nothing was due to him. He steps out of the contract and Taylor steps in. Taylor is accepted as the contractor, and proceeds with the work. Would it not be strange if, after having thus completed the contract, some person could, on the strength of an unknown transfer of the entire profits of the contract made before the transfer to Taylor, compel the latter to pay to him such entire profits? And yet, if one thiry-second of the entire profits can be so obtained, all the profits could, in like manner, have been obtained.
Source: Wikisource

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