Summary

Portrait of Robert Cooper Grier Robert Cooper Grier The Granite State — Opinion of the Court

A person may make considerable profits by the use of an old hulk of little value in the market for vessels. His loss cannot be measured by the ratio of her profits, as he might supply himself with another at a much cheaper rate. But when the injured vessel is not a total loss, and is capable of being repaired and restored to her original situation, the cost necessary to such repair cannot be said to be an incorrect rule of damages.
Source: Wikisource

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