The U. S. Congress directed the Secretary of the Treasury to mint and sell a stated number
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Mary Mesaros forwarded to the mint a credit card order of $ 1,675 for certain coins, including the $ 5 gold coin. All credit card orders were forwarded by the Mint to Mellon Bank in Pittsburgh, Pennsylvania, for verification, which took a period of time. Meanwhile, cash orders were filled immediately, and orders by check were filled as the checks cleared. The issuance of 500,000 gold coins was exhausted before Mesaros’s credit card order could be filled. The Mint sent a letter to the Mesaroses, notifying them of this fact. The gold coin increased in value by 200 percent within the first few months of issue. Mary and Anthony C. Mesaros filed a class action lawsuit against the United States, seeking in the alternative either damages for breach of contract or a decree ordering the Mint to deliver the gold coins to the plaintiffs. Is there a contract between the Mesaros and the United States? Mesaros v. United States, 845 F. 2d 1576, 1988 U. S. App. Lexis 6055 (United States Court of Appeals for the Federal Circuit)
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Business Law Legal Environment Online Commerce Business Ethics and International Issues
ISBN: 978-0134004006
9th edition
Authors: Henry R. Cheeseman
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