Summary

John McLean Slater v. Emerson — Opinion of the Court

The defendant is not without remedy against that party, and there may be said to be a natural connection between the amount which defendant in error loses, which is nothing, and the damage which plaintiff in error could recover for breach, which by law cannot, by reason of remoteness, be shown to be anything. In other words, the rule and its reason has no application to a collateral contract, in its nature a guaranty, when, for want of strict performance of the terms of the guaranty, one party has lost his remedy, and the other received no appreciable benefit.
Source: Wikisource

John McLean Slater v. Emerson — Opinion of the Court

It is difficut to perceive any satisfactory mode by which the defendant in the Circuit Court could recoup his demages for the failure of the plaintiff to perform in that action, or by bringing another suit. As a stock and bond holder, his damages would be remote and contingent. To ascertain the general damage of the company by the failure, and distribute that amount among the members of the company in proportion to their interests, would seem to be the proper mode; and this would be complicated, and not suited to the action of a jury.
Source: Wikisource

John McLean Slater v. Emerson — Opinion of the Court

All these facts being admitted or undisputed, we will consider the language of the contract. It states 'that the said Emerson, in consideration of the agreement of said Slater, hereinafter contained, and of one dollar to him paid, the receipt whereof is acknowledged, covenants and agrees with said Slater, that he, the said Emerson, will complete all the bridge work to be done by him for the Boston and Central Railroad Company, ready for laying down the iron rails for one track, by the 1st day of December next.'
There is no ambiguity in this language. No one can misconstrue it.
Source: Wikisource

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