gold clause การใช้

• American Life says it didn't agree to revive the gold clause.
• The gold clause was retained on Banco Central's notes until 1939.
• Those who bought bonds in the 19th century had no idea that the gold clause would be invalidated.
• The Trostel family says the transfer of the contract to American Life in 1990 created a new lease and revived the gold clause in the original deal.
• The gold clause was retained on Banco Central's notes until 1939, when the text was modified to " Pagar?al portador ?la vista CINCO SUCRES ".
• Cummings personally argued the right of the government to ban gold payments before the U . S . Supreme Court and won the " gold clause " cases.
• In the " gold clause " case, Perry, supra, the Court held that subsequent legislation could not abrogate a government bond's promises to pay principal and interest in gold.
• American Life argues that the appeals court didn't consider a 1996 statute, which says that assignment of a lease can't revive a gold clause, unless the parties to the deal agree to the provision.
• Pub . L . 93-373 did not repeal the Gold Clause Resolution of 1933, which made unenforceable any contracts which specified payment in a fixed amount of money " or " a fixed amount of gold.
• The 2008 decision " 216 Jamaica Avenue, LLC vs S & R Playhouse Realty Co . " established that a gold clause in contracts signed before 1933 was only suspended not erased, and under certain limited circumstances might be reactivated.
• He stipulated that the capital for the prizes should be invested only in " safe securities, " which at the time meant bonds with a " gold clause, " or those that allowed the holders to demand payment in gold.
• McReynolds also wrote the dissent in the " Gold Clause Cases ", which required the surrender of all gold coins, gold bullion, and gold certificates to the government by May 1, 1933 under Executive Order 6102, issued by President Franklin Roosevelt.
• The terms of the bond included : " The principal and interest hereof are payable in United States gold coin of the present standard of value . " This type of " gold clause " was common in both public and private contracts of the time, and was intended to guarantee that bond-holders would not be harmed by a devaluation of the currency.
• In the Consolidated Gold Clause Cases ( independently known as Perry v . U . S ., U . S . v . Bankers Trust Co ., Norman v . Baltimore & Ohio R . Co ., Nortz v . U . S . ) the Gold Reserve act was subject to scrutiny by the United States Supreme Court, which narrowly upheld Roosevelt s gold confiscation policy.