“[L]aws which subsist at the time and place of the making of a contract, and where it is to be performed, enter into and form a part of it, as fully as if they had been expressly referred to or incorporated in its terms.”
How later courts described this case
- “[L]aws which subsist at the time and place of the making of a contract, and where it is to be performed, enter into and form a part of it, as fully as if they had been expressly referred to or incorporated in its terms.”
Written by the judges who cited it.
The opinion
Boyles, J.
(concurring). I concur in the result except to holding that the pledge is irrevocable.