Opinion · New York Court of Appeals
Hoppe v. . Russo-Asiatic Bank
Hoppe v. . Russo-Asiatic Bank, 235 N.Y. 37 (New York Court of Appeals 1923)
- Type
- Opinion
- Court
- New York Court of Appeals
- Jurisdiction
- New York
- Date
- 1923-01-30
- Topic
- general
holding that the applicable exchange rate was the one in place at the time of the breach of contract, not the one in place at the time of judgment
Citator
- Cited by
- 35 opinions
The judgment appealed from should be affirmed, with costs.
Held: In an action properly brought in the courts of this state by a citizen or an alien to recover damages, liquidated or unliquidated, for breach of contract or for a tort, where primarily the plaintiff is entitled to recover a sum expressed in foreign money, in determining the amount of the judgment expressed in our currency the rate of exchange prevailing at the date of the breach of contract or at the date of the commission of the tort is under ordinary circumstances to be applied. (Gross v. Mendel, 171 App. Div. 237; affd., 225 N. Y. 633.)
His cock, Ch. J.', Hogan, Cardozo, Pound, McLaughlin, Crane and Andrews, JJ., concur.
Judgment affirmed.