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Corporations-Repurchase Of Its Own Shares By A Corporation In Performane Of A Promise Forming Part Of The Contract Of Sale
Michigan Law Review
One Rosenthal entered the employ of the defendant corporation for two years at a salary of $10,000.00 per year; $75.00 per week to be paid in cash, and the balance to be paid in stock of the corporation at the end of each year. The contract contained a proviso that if the parties could not, at the end of the second year, reach an understanding for a continuation of the employment, the company would repurchase its shares at their par value. No such agreement was reached, and the company refused to take back its stock. Rosenthal brought his bill in …
Treaties-Scope Of Treaty--Making Power--When Treaties Are Self-Executing
Treaties-Scope Of Treaty--Making Power--When Treaties Are Self-Executing
Michigan Law Review
The scope of the treaty-making power, and the considerations that govern in determining when a treaty is self-executing and when it requires subsequent legislation to make its terms effective, received an interesting discussion in a recent case decided in the United States District Court of the District of Maryland.