Bassett v. Irons
Bassett v. Irons
Opinion of the Court
delivered the opinion of the court.
The plaintiffs complain that the defendant failed to perform his contract with them, expressed in the following terms: —
“Provision Contract.
“ St. Louis, January 30, 1877.
“ I have this day bought, and hereby agree to receive and pay Messrs. Bassett & Lincoln for two hundred and fifty (250) bbls. mess pork, seventeen TT°T ($17.20) dolls, per bbl., to be delivered in St. Louis, Missouri, sellers’ option, during month of March, 1877 ; said mess pork to be standard in every respect, as required by the rules of the Union Merchants’ Exchange of St. Louis, and to be paid on delivery. This contract is subject, in all respects, to the rules and regulations of the said Union Merchants’ Exchange, under which this contract is made.
“ D. S. Irons.”
Among the rules of the Union Merchants’ Exchange referred to in the contract are the following: —
“ On time contracts, for either buyer’s or seller’s option, the time of delivery shall be before three o’clock p. m. of the day of maturity of contract, or of the day in which notice has been given to deliver or receive ; provided, that in the latter case the buyer or seller has had at least three hours’ previous notice. When notice is given after twelve o’clock m., the time for delivery shall be the morning of the following day, by or before eleven o’clock a. m. When, notice of intention to deliver is given, and the delivery is not made, the buyer shall have a right to claim a non-fulfilment of the contract, and may proceed under the rules the same as if the time of the contract had expired and no tender had been made. When contracts require a specific
In all cases of sales of provisions as ‘standard,’ the inspector shall examine and inspect, when called upon, and shall decide if the property be up to the requirements ; and he shall issue his certificate, stating correctly the condition and quality of the property inspected, and specify the defects, if any exist therein.
“In case any property contracted for future delivery is not received and paid for when properly tendered, it shall' be the duty of the seller, in order to establish any claim on the purchaser, to sell it on the market at any time during the same or next business day after such default shall have been made, notifying the party in default within one hour of such sale, and any loss resulting to the seller shall be paid by the party in default; but nothing in this section shall be construed as authorizing unjust or unreasonable claims, based upon manipulated or fictitious markets.”
These rules must be considered as forming part of the contract, so far as they may be applicable.
The testimony tended to show that on the first day of March, 1877, between the hours of twelve and one o’clock, the plaintiffs notified defendant’s agent that they would on that day tender two hundred and fifty barrels of pork, in performance of their contract. Five barrels were sent in the afternoon of the same day to the agent’s place of business, for inspection. They were there inspected by the official inspector of the Exchange, who found part of the lot in quality below the proper standard. On the next day, plaintiffs requested the inspector to come to their place of business in the afternoon, and inspect another lot. The inspector preferred doing so on the following day. Plaintiffs assented to his proposal, assuming that they had the entire month of March in which to make the delivery or tender. On the
When it was shown that the plaintiff, having given notice of their intention to deliver on the first day of March, yet failed to tender or deliver a proper merchantable article, duly certified by the inspector to be such,- at or before eleven o’clock in the morning of the next following day, the whole case was proved out of court. There was nothing to go to the jury. The rule of the Exchange is explicit, and, as a part of the contract, conclusive against the plaintiffs. In such a state of facts, “ the buyer shall have a right to claim a non-fulfilment of the contract, and may proceed under the rules the same as if the time of the contract had expired and no tender had been made.” This the defendant did, and there was an end of the plaintiffs’ claim.
We see nothing in the position taken, that the inspector was an agent for both parties, and that his postponement of the inspection until the third day was a waiver as to time on the part of the defendant. The inspector’s agency, if any exists, extends to nothing beyond the inspecting of the commodity and certifying its grade. This he does for both parties, and in their common interest. But he has nothing whatever to do with the terms of the contract, or the time or manner of its fulfilment. No action of his could deprive either party of any right secured to him by
Case-law data current through December 31, 2025. Source: CourtListener bulk data.