Chesterfield (Earl Of) V. Jan Wen in Europe

Definition of Chesterfield (Earl Of) V. Jan Wen

((1751), 2 Yes. 125). Spencer, at the age of 30, had borrowed 5,000 of defendant on the terms of paying 10,000 if he survived his grandmother, from whom he had large expectations, and who was then of the age of 78 years, and nothing if he did not. He did survive her, and after her death gave a bond for payment of the 10,000, and paid a part. Mr. Spencer having since died, his executor brought this suit to be relieved against this contract as usurious and unconscionable. Held, not usurious, and (without deciding whether relief would have been given against the original transaction) no relief could now be given, Mr. Spencer having by his acts after his grandmother’s death ratified the transaction

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Definition of Chesterfield (Earl Of) V. Jan Wen is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.

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