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Commercial Law, John M. Hewson Iii
Commercial Law, John M. Hewson Iii
Mercer Law Review
Last year's Survey reported that the field of commercial law was expanding rapidly and that the courts were receptive to innovative solutions to protect consumers from the rigors of the traditional commercial-law concepts. This year has been mixed. Some courts have pushed "consumerism" to new lengths, while other have retraced their steps from the extremes of the past few years and returned to more traditional commercial law concepts. This article discusses some of the more important developments in the peripheral area of Truth-in-Lending as well as report the cases and statutes for the 1975-76 year within the traditional realm of …
Commercial Law--Maintenance Of Compensating Balances Indictable Offense Under 18 U.S.C.A. § 656, Michael A. Mckenzie
Commercial Law--Maintenance Of Compensating Balances Indictable Offense Under 18 U.S.C.A. § 656, Michael A. Mckenzie
Mercer Law Review
In United States v. Mann, the United States Court of Appeals for the Fifth Circuit upheld the validity of an indictment' which had charged defendant Mann, chief executive officer of the First National Bank of Waco, Texas, together with co-defendant Bank of the Southwest with conspiracy to willfully misapply the funds of Waco, through the maintenance of a non-interest bearing compensating balance at Southwest in return for a loan to Mann at preferential interest rates, in violation of 18 U.S.C.A. §656. The district court had dismissed the indictment for insufficiency and the United States appealed.