Bondurant v. Watson was a United States Supreme Court case that dealt with the issue of whether a contract between two parties was valid. The case involved a contract between Watson and Bondurant, in which Watson agreed to pay Bondurant a certain amount of money for the use of a certain piece of land. Bondurant argued that the contract was invalid because Watson had not paid the full amount of money that was agreed upon. The Supreme Court held that the contract was valid and enforceable, and that Watson was obligated to pay the full amount of money that was agreed upon. The Court also held that Watson was not entitled to any damages for breach of contract, as the contract was valid and enforceable. The Court further held that Watson was not entitled to any set-off or counterclaim against Bondurant, as the contract was valid and enforceable. The Court's decision in this case established that contracts between two parties are valid and enforceable, and that parties are obligated to fulfill their contractual obligations.

Justice Field delivered the dissenting opinion in Bondurant v. Watson, arguing that the majority's decision was incorrect and should be reversed. He argued that a contract between two parties is binding upon them both and cannot be set aside by either party without mutual consent or agreement of some kind. The defendant had agreed to pay an amount for certain services rendered by the plaintiff, but then refused to do so on grounds of fraud; however, Justice Field noted that there was no evidence presented at trial which showed any fraudulent intent on behalf of the plaintiff. Furthermore, he argued that even if such evidence did exist it would not have been sufficient to invalidate their contract as it could only be done with mutual consent or agreement from both parties involved in said contract. Therefore, he concluded that since no such proof existed nor any other valid reason for setting aside this contract given by either party -the court should reverse its ruling and allow judgment in favor of the plaintiff