61 Mo. 290 | Mo. | 1875
delivered the opinion of the court.
This action was instituted on the following writing: “We, the undersigned owners of property on Grand Avenue, Kan
At the trial the evidence was, that by virtue of the subscription sued on plaintiffs made a settlement for work done on Grand Avenue referred to; that at the time he so settled, the city owed him $9,000 and the interest thereon from June previous ; that he had stopped work because the city had broken its contract by not paying for the work in monthly estimates, and because of this subscription he made a settlement with the city, throwing off the interest due on the $9,000, and gave the city until the next October to pay that sum; that he took same in certificates of indebtedness, due at that time, instead of cash, as called for by his contract with the city, and that he took the same at 90 cents on the dollar, when they were worth only 80 cents on the dollar in the market, and that the settlement was made bj7 reason of the subscription ; that he went to work in January and February in order to complete the work according to the terms of the subscription, and labored under disadvantages on account of the ground being frozen; and that he would not have done it except for the subscription.
The court gave judgment for the plaintiff, and the only ground now urged for a reversal is, that the subscription is not supported by a sufficient consideration. But we are not of this opinion. "We think the consideration was ample and sufficient. The undisputed facts show that the plaintiff, in consideration of the subscription, expended money and entered into engagements which must necessarily cause him loss and injury, if the subscription is not paid, and that on account of
We are of the opinion that the judgment should be affirmed.