Robert Cooper Grier,
Hill v. Smith (62 U.S. 283) — Opinion of the Court
“ It states that the defendant would not agree to sell his land in exchange for stock, except on condition that defendants should guaranty that the stock in three years would be worth par, or should be made so by the corporation. For this consideration, defendants agree to make it so, or, in other words, to pay the difference between the cash value of the stock on that day and its nominal value. ”
