Summary

John McLean Coulson v. Walton — Opinion of the Court

In considering the question as to the genuineness of the bond on which this controversy is founded, the first important fact that occurs to the mind is, the remoteness of the transaction. Nearly half a century has elapsed since this instrument purports to have been executed. The obligor and the obligee, and both the witnesses are dead. The contract belongs to the past age. It was executed, if at all, when the country was new and unsettled; and the parties to it seem to have been illiterate men, and unacquainted with business transactions.
Source: Wikisource

John McLean Coulson v. Walton — Opinion of the Court

This is a clear case of election by the obligor; and a conveyance of the land or the payment of the money, within the time specified, would have discharged the obligation. The money has not been paid; and although there is no positive proof that an election was made during the life of Coulson to pay the land, yet, from the facts and circumstances of the case, and the condition of the obligation, there can be no doubt that those who claim under it have a right to consider it now as an absolute bond for the conveyance of the land.
Source: Wikisource

John McLean Coulson v. Walton — Opinion of the Court

That these alterations have been made since the death of Payne is satisfactorily proved; it is clear that no one having any interest under the bond, could have had a motive to alter it, as seems to have been done. If, by the alterations, the obligation of Coulson had been increased, either as to the time of payment, the sum to be paid, or the number of acres to be conveyed, Payne or his heirs might have had some motive of interest to make them; but their interest was directly opposed to any act, which would impair the validity of the bond, or cast suspicion upon it.
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature