Summary

Portrait of Stephen Johnson Field Stephen Johnson Field Willard v. Tayloe — Opinion of the Court

The discretion which may be exercised in this cleass of cases is not an arbitrary or capricious one, depending upon the mere pleasure of the court, but one which is controlled by the established doctrines and settled principles of equity. No positive rule can be laid down by which the action of the court can be determined in all cases.
Source: Wikisource

Portrait of Stephen Johnson Field Stephen Johnson Field Willard v. Tayloe — Opinion of the Court

It is true the cases cited, in which the discretion of the court is asserted, arose upon contracts in which there existed some inequality or unfairness in the terms, by reason of which injustice would have followed a specific performance. But the same discretion is exercised where the contract if fair in its terms, if the enforcement, from subsequent events, or even from collateral circumstances, would work hardship or injustice to either of the parties.
Source: Wikisource

Portrait of Stephen Johnson Field Stephen Johnson Field Willard v. Tayloe — Opinion of the Court

The kind of currency which the complainant offered, is only important in considering the good faith of his conduct. A party does not forfeit his rights to the interposition of a court of equity to enforce a specific performance of a contract, if he seasonably and in good faith offers to comply, and continues ready to comply, with its stipulations on his part, although he may err in estimating the extent of his obligation.
Source: Wikisource

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