1 Gratt. 364 | Va. | 1845
delivered the opinion of the court.
The court is of opinion there is no error in so much of the decree as affirms the validity of the mortgage of the 21st February 1823, and confirms the sale of the property thereby conveyed, made under a previous interlocutory decree, nor in so much thereof as ascertains the priorities of the creditors claiming to participate in the fund arising from the sale; and, therefore, that there is no error in the decree to the prejudice of the appellant. The court is further of opinion, that as a general rule the value of the articles to be delivered at the time when
The court is further of opinion, that the failure of the Dock company to pay the dividends in July 1832, constituted the first default, and was the period at which the value of the stock should have been ascertained as affording the proper measure of damages. The court is, therefore, of opinion that there was error in said decree to the prejudice of the appellees, the Board of public works, in the particular above mentioned. It is, therefore, reversed for this error, and affirmed in all other respects, with costs to the appellees, as the parties substantially prevailing. And the court, proceeding to render such decree as the court below ought to have rendered, approves and confirms the second statement of the sup