Stipulation

Definition and stakes

Portrait of Henry Billings Brown Henry Billings Brown,  The Beaconsfield — Opinion of the Court

“ No. 8,054: 'If, therefore, there is an ambiguity in the terms of the stipulation, or the construction of them is doubtful, it is not the intention of the party for which we are to inquire, for the will of the party had nothing to do in determining its conditions; the doubt must be removed by consulting the intention of the court, or the law which required the stipulation and dictated its terms.' The introduction, however, of a new cause of action is something which the sureties are not bound to contemplate, and it necessarily follows that they cannot be held. ”
Source: Wikisource

Portrait of Henry Billings Brown Henry Billings Brown,  The Oregon — Opinion of the Court

“ In the case of The Palmyra, 12 Wheat. 1, in which this court held that it had power to reinstate a prize cause after dismissal, the general liability of sureties upon a stipulation is thus stated by Mr. Justice Story: 'Whenever a stipulation is taken in an admiralty suit, for property subjected to legal process and condemnation, the stipulation is deemed a mere substitute for the thing itself, and the stipulators liable to the exercise of all those authorities on the part of the court which it could properly exercise if the thing itself were still in its custody. ”
Source: Wikisource

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