In POWER & ANOTHER v. BAKER & ANOTHER, the Supreme Court of the United States was asked to decide whether a contract between two parties was valid and enforceable. The contract in question was an agreement between two parties, Power and Baker, to purchase a tract of land in the state of New York. Power and Baker had agreed to pay a certain amount of money for the land, but Baker had failed to make the payment. Power then sued Baker for breach of contract. The Supreme Court held that the contract was valid and enforceable. The Court noted that the contract was in writing and that both parties had agreed to its terms. The Court also noted that the contract was supported by consideration, meaning that both parties had given something of value in exchange for the land. The Court concluded that the contract was valid and enforceable and that Power was entitled to recover the amount of money that was due to him under the contract.

In the case of Power & Another v. Baker & Another, the Supreme Court was asked to determine whether a contract between two parties should be enforced when it had been made without consideration and in violation of a state statute. The majority opinion held that since there was no consideration for the contract, it could not be enforced by either party. Justice Field dissented from this decision, arguing that while contracts made without consideration are generally unenforceable under common law principles, they may still be enforceable if they have been ratified or approved by some other means such as an act of legislature or court order. He further argued that even though the contract in question violated a state statute prohibiting certain types of agreements, this did not necessarily mean that it should not be enforced; rather he suggested that courts must look at all relevant factors before deciding whether to uphold or reject any particular agreement.