New York Court of Appeals
The Chicago and Great Eastern Railway Company, Appellant v. Francis B. Dane and Ors., Respondents
December 20, 187043 N.Y. 240
Summary
The Court held that no enforceable contract existed because the plaintiff's assent did not bind him to furnish iron, leaving the defendants' promise without consideration; the plaintiff also failed to accept the offer within a reasonable time, so the judgment for the defendant was affirmed.