Deutsche Bank Filiale Nurnberg v. Humphrey, 272 U.S. 517 (1926)

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Deutsche Bank Filiale Nurnberg v. Humphrey

No. 224

Submitted October 12, 1926
Decided November 23, 1926
272 U.S. 517

CERTIORARI TO THE CIRCUIT COURT OF APPEALS

FOR THE NINTH CIRCUIT

Syllabus

1. An obligation in terms of the currency of a country takes the risk of currency fluctuations, and whether creditor or debtor profits by the change, the law takes no account of it. P 519.

2. In an action brought here on a debt arising from a deposit made in Germany and payable there on demand in marks, it is erroneous to translate the amount due into dollars at the rate of exchange existing when demand was made, the mark having depreciated thereafter. P. 519.

7 F.2d 330 reversed.

Certiorari (269 U.S. 547) to a judgment of the circuit court of appeals which affirmed a judgment of the district court in a suit brought by Humphrey against the Deutsche Bank under the Trading with the Enemy Act to collect a debt contracted and payable in Germany.