Monthly Archives: August 2008
FIDEM Medallic Sculpture Exhibit to Close Sept. 15
Winners Announced in 2008 Club Publications Contest
Bullion & Business Weekend Report – Aug 30
Alaska Quarter Release Celebrated at Fair, Governor Palin Misses Event
Silver and Gold Maltese Euro Coins Issued
U.S. Mint Ends an Active August with Multiple Coin Offerings
Silver, Gold and Platinum Rise, but Pressure Felt
Landlord Demands Rent in Gold Coins, Federal Court Affirms
A Cleveland landlord can demand payments in gold coins, according to a federal appeals court ruling Wednesday.
The U.S. Court of Appeals for the Sixth Circuit ruled a "gold clause" contained in a 1912 lease agreement was enforceable, reversing a lower courts decision and requiring it to determine an equivalent rent.
The breach of contract lawsuit was filed by building owner 216 Jamaica Avenue, LCC against renter S&R Playhouse Realty Co., who had been paying an annual rent of $35,000 since their obligated assumption of the lease in 1982.