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Full-Text Articles in Law
Corporations-Consolidation And Merger-Liability For The Obligations Of The Old Company-American Railway Express Company Cases
Michigan Law Review
Following the taking over of the railroads under proclamation of the President dated December 26, 1917, it was suggested by Mr. McAdoo, Director General of Railroads, that various express companies whose contracts with the railroads for transportation of goods pursuant to the general conduct of the express business had been virtually annulled by the proclamation, should form a new corporation, transfer to it property used in the express business and receive in consideration stock in the new company. The Director General made the suggestion to expedite the nation's war time transportation, and it was immediately accepted by the companies. He …
A New Application Of The Right Of Privacy
A New Application Of The Right Of Privacy
Michigan Law Review
The right of an individual to privacy in matters personal to him has again been expressly recognized by an interesting application of the doctrine in a recent Kentucky case. The defendant painted a sign on his garage window in large letters to the effect that "Dr. W. R. Morgan owes an account here of $49.67. And if promises would pay an account this account would have been settled long ago. This account will be advertised as long as it remains unpaid." The plaintiff brought suit for damages alleging great mental pain, humiliation, and mortification, and that it tended to expose …
Life Tenant And Remainderman-Income From Corporate Shares In Trust-Extraordinary Cash Or Stock Dividends
Michigan Law Review
A testator devises a block of corporate shares in trust,--the income to go to a life tenant for life, remainder to another as remainderman. So long as dividends are paid regularly, and in cash, distribution is a simple matter for the trustee. Dividends declared after the testator's death and before the death of the life tenant, are income and go to the life tenant; the rule operates regardless of when the profits which justify the declared dividends were earned. A real problem arises, however, when the corporation allows a surplus to accumulate for some time and then declares an extraordinary …