Summary

Portrait of David Josiah Brewer David Josiah Brewer McLean v. Clapp — Opinion of the Court

It is true that may be implied from the direction to sell the securities and apply on the mortgage; but each letter refers the matter of settlement to his brother Henry,-suggests compromise with him,-and in advance assents to any arrangement that may be made with Henry. If Ruggles W. Clapp was the only party interested in the property mortgaged, the letters might fairly be construed as a consent to the rescission and a reinstatement of full liability under the original mortgage
Source: Wikisource

Portrait of David Josiah Brewer David Josiah Brewer McLean v. Clapp — Opinion of the Court

So, even if we credit the testimony of his agent, that in 1861 he notified Clapp of an intent to rescind, (and Mr. Arnold's integrity as a witness is strongly impeached by many witnesses,) still the conduct of McLean in reference to the property for a series of years, long after 1861, is at variance with the idea of rescission, and was plainly a ratification of that settlement, and brings the case clearly within the rule laid down by this court in the case just cited. He acted as owner, and assumed all the rights and burdens of ownership. He became owner only through that settlement.
Source: Wikisource

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