Summary

Portrait of Stephen Johnson Field Stephen Johnson Field The Emily Souder — Opinion of the Court

The presumption of law always is, in the absence of fraud or collusion, that where advances are made to a captain in a foreign port, upon his request, to pay for necessary repairs or supplies to enable his vessel to prosecute her voyage, or to pay harbor dues, or for pilotage, towage, and like services rendered to the vessel, that they are made upon the credit of the vessel as well as upon that of her owners.
Source: Wikisource

Portrait of Stephen Johnson Field Stephen Johnson Field The Emily Souder — Opinion of the Court

The drafts given by the captain upon the owners of the vessel in New York were not received by the libellants in discharge and satisfaction of the sums advanced. They were received only as conditional payment. Such would be the presumption of law in the absence of any direct evidence on the point. For by the general commercial law of the world, a promise to pay, whether in the form of notes or bills, is not of itself the equivalent of payment; it is treated everywhere, in the absence of express agreement or local usage to the contrary, as conditional payment only.
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature