CROMWELL V. COUNTY OF SAC
94 U.S. (4 Otto) 351 (1876)
NATURE OF THE CASE: This was an action to recover the proceeds due on four bonds.
FACTS: County of Sac (D) issued bonds to a contractor to erect a courthouse. The bonds
were to be redeemed in 1868, 1869, 1870, and 1871. The courthouse was never built. Cromwell
(P) sued to force D to redeem the bonds. The trial court held that the bonds would have been
redeemable if P had owned the bonds before the maturity date, and had actually given value
to acquire them. P was estopped from proving the latter requirement because of his
participation in a previous and unsuccessful litigation effort to redeem the bonds through a
third party named Smith. The trial court rendered judgment for D. P appealed; his claim was
different from the claim made by Smith.
ISSUE:
RULE OF LAW:
HOLDING AND DECISION:
LEGAL ANALYSIS:
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