Contracts: Craps on Credit

While visiting Puerto Rico, a New Yorker named Jack Golden lost $12,000 shooting craps in a San Juan hotel casino. Golden signed lOUs for $9,000 and wrote a check for $3,000. Then, when he got home, he ordered his bank to stop payment. Golden assumed that it was a lovely legal welsh; gambling debts are not collectible in New York.

Unhappily for Golden, the San Juan hotel not only sued him for $12,000, but last week won its case in the New York Court of Appeals. Gambling debts are legally collectible in Puerto Rico, noted the court's 5-to-2 majority, and...

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