Commercial Law Commons^™

Recognition Of New Types Of Negotiable Instruments, Ralph W. Aigler

Articles

“The expression ‘negotiable instrument’ is one of variable meaning, and what is meant thereby often can be determined only by the context… Primarily ‘negotiable’ indicates transferability with a certain facility…..

“It may be not without interest to consider how instruments gain the negotiable quality and to trace, sketchily perhaps, the process of recognition.”

Constitutional Law-Interstate Commerce-The Transportation Act Of 1920

Michigan Law Review

Contemporaneous comments on Supreme Court decisions involving the "due process" clause too often resolve themselves into mere "debates" as to the wisdom of the particular legislation in question, either from the standpoint of the ultimate object to be accomplished or the methods adopted for its accomplishment. Strongest adherents of our unique system of judicial review must admit that, after all, the duty of the Supreme Court consists primarily in determining whether or not the legislation before it is valid, not whether it is, or is not, a politic enactment.

Recent Important Decisions

Michigan Law Review

A collection of recent important court decisions.

Resale Price Fixing From A Different Angle

Michigan Law Review

The proposition that resale price fixing agreements are illegal, while by no means universally accepted, is definitely established in the federal courts as well as in quite a number of the state courts. Whatever we may think of its soundness from an economic viewpoint it will doubtless receive even wider recognition as time goes on. For a collection and discussion of the authorities see 20 MICH. L. REV. 904; 19 MICH. L. REV. 265; 19 A. L. R. 925.

Negligence In The Law Of Bills And Notes, William E. Britton

Articles by Maurer Faculty

No abstract provided.

Las Actas De Protesto, Benito Celorio Y Alfonso

Mario Diaz Cruz Pamphlets

No abstract provided.

Fraud In The Inception Of Bills And Notes, William E. Britton

Articles by Maurer Faculty

No abstract provided.

Constitutionality Of Acts For Conservation Or Retention Of Natural Gas Within The State

Michigan Law Review

The distribution of our natural resources creating among our several states an economic inter-dependence of varied degrees, and the growing appreciation of the danger of approaching exhaustion in various fields, has very naturally prompted the legislatures of some of the states to enact statutes which have been broadly designated as "conservation acts," though some of them could be described more accurately as "domestic preference acts". Most of these statutes are calculated to prevent waste, arc real conservation measures, and have nearly always been upheld. Ohio Oil Co. v. Indiana, 177 U. S. 190, concerned a statute making it unlawful …

Book Reviews

Michigan Law Review

A collection of book reviews by multiple authors.

Artisans' Liens Competing With Claims Of Conditional Sale Vendor Or Chattel Mortgagee

Michigan Law Review

The privilege of the artisan or materialman who has performed services or furnished materials in respect of a chattel in his possession to withhold such possession until paid the amount of his charges may be an effective security. Likewise, a chattel mortgagee or conditional vendor may be quite secure. But when a mortgagor or conditional vendee in possession has bailed the chattel to one whose services entitle him, either under the common law or a statute, to a lien for his charges therefor, there are plenty of chances for trouble. Liens being an invasion upon or subtraction from the totality …

Internationial Aspects Of Prohibition Enforcement

Michigan Law Review

The Eighteenth Amendment to the Federal Constitution prohibits "the manufacture, sale, or transportation oi intoxicating liquors within, the importation thereof into, or the exportation thereof from the United States and all territory subject to the jurisdiction thereof for beverage purposes." 40 Stat. 1050, 1941. In the National Prohibition Cases, 253 U. S. 350, 386, the amendment was said to be operative "throughout the entire territorial limits of the United States." As originally enacted, the National Prohibition Act did not in terms define its territorial field, but a supplemental provision afterwards enacted declares that the act "shall apply not only …

Recent Important Decisions

Michigan Law Review

A collection of recent important court decisions.

Book Reviews

Michigan Law Review

A collection of book reviews by multiple authors.

Recent Important Decisions

Michigan Law Review

A collection of recent important court decisions.

Trade Competition - Effect Of Motive, Herbert F. Goodrich

Articles

Does the motive with which one enters into what is ostensibly trade competition with a business rival have any significance in the law? Motive is used, following Judge Smith's careful limitation of the term, to signify the feeling which makes the actor desire to obtain the result aimed at. A conclusion that motive is immaterial in this connection can be sustained by formal logic. A man has a "right" to engage in business, even though his rival be injured thereby. One may exercise a legal right, regardless of his motives in doing so. Therefore, business competition, if the methods be …

Book Reviews

Michigan Law Review

A collection of book reviews by multiple authors.

The Supreme Court's Adjudication Of Constitutional Issues In 1921-1922, Ii, Thomas Reed Powell

Michigan Law Review

Questions of discrimination in rates or services arising under the Interstate Commerce Act or some of its amendments came before the court in a number of cases without raising any direct constitutional issues. Such an issue, however, was urged against a refusal of the Interstate Commerce Commission to allow a tap line owned by a Lumber company more than $3 per car as its share of the joint rate for traffic over it and the main line, but in Louisiana & P. B. Ry. Co. v. United States the claim that this restriction was so arbitrary as to deny the …

Recent Important Decisions, Michigan Law Review

Michigan Law Review

No abstract provided.

Note And Comment, Edwin C. Goddard, George Seletto, Edson R. Sunderland, Victor H. Lane, Burke Shartel, George E. Longstaff

Michigan Law Review

Carriers - Second Cummins Amendment - It was seven years after the Carmack Amendment of the Hepburn Act of i9o6 before the Supreme Court began that series of decisions, extending from Adams Express Co. v. Croninger, 226 U. S. 491 (1913), to George N. Pierce Co. v. Wells, Fargo & Co., 236 U. S. 278 (1915), which directly resulted in the First Cummins Amendment of March, 1915. One has only to read those cases, reviewed in 13 Micn. L. REv. 59o, and other notes referred to in 17 MICH. L. Rzv. 183, to see that the language of the Cummins …

Net Income And Judicial Economics, Henry Rottschaefer

Michigan Law Review

A legal system does not function in a vacuum of abstractions. It is part of a general institutional framework of an organized society. Its content is determined by concrete individual and social needs and activities. Hence modern jurisprudence conceives of law as a means for securing interests. The appraisal of its rules and principles requires an evaluation of the significant elements of the situation to which they apply. A narrow, complacent formalism is the penalty of failure in this regard. No one would deny the emphasis modern society places upor its commercial and industrial interests, nor the many points of …

Recent Important Decisions, Michigan Law Review

Michigan Law Review

Admiralty - Workmen's Compensation - Is a Hydroplane a Vessel? - Claimant was employed in the care and management of a hydroplane which was moored in navigable waters. The hydroplane began to drag anchor and drift toward the beach, where it was in danger of being wrecked. Claimant waded into the water and was struck by the propeller. Held, claimant is not entitled to compensation under the Workmen's Compensation Law, since a hydroplane while on navigable waters is a vessel, and therefore the jurisdiction of the admiralty excludes that of the State Industrial Commission. Reinhardt v. Newport Flying Service Corp. …

Code Civil Suisse Y Compris Le Code Fédéral Des Obligations, Virgile Rossel

Civil Codes (1800-1923)

Édition annotée renfermant en outre les complémentaires (loi féd. du 25 Juin 1891, conventions internationales, ordonnances et arrêtés des autorités fédérales, etc.), ainsi que des notes explicatives, de la jurisprudence, la conférence des articles, des renvois aux textes correspondants des Codes français et allemands, aux messages du Conseil fédéral, a l"Expose des motifs et au Bulletin sténographique des Chambres fédérales, etc.

3a. édition, revue et considérablement augmentée.

The Law Of Sales, John Barker Waite

Books

I conceive law to be the aggregation of rules which courts of justice feel themselves more or less obligated to follow in deciding controversies. To some extent these rules are formulated and declared by legislative authority. Most of them, however, have been evolved by judges themselves. These latter rules are not always easy to formulate; if they were, there would be no need for real text-books. Even the precise utterances of various judges can not always be accepted as rules. I believe that no judge has power, either practically or theoretically, to bind other judges by any declaration of rule …

Ley De Moratoria De 27 De Enero De 1921, República De Cuba. Senado.

Mario Diaz Cruz Pamphlets

Publicada en "Gaceta Oficial" extraordinaria de 27 de enero de 1921

Book Reviews, Hessel Edward Yntema, Edwin C. Goddard

Michigan Law Review

To Joseph Story goes the credit of having introduced to American and to English law that field which he, following Ulric Huber, denominated the conflict of laws. It should not, however, be forgotten that behind Story lay at least six centuries of continental criticism upon which he drew for his materials. And it should be of peculiar interest to those trained in the Common Law to have pointed out the extent to which this most controversial of subjects was from the outset influenced by the practice of the courts. In the present monograph, originally written in celebration of the seventy …

Book Reviews, John B. Waite, Ralph W. Aigler

Michigan Law Review

The Negotiable Instruments Law Annotated by Joseph Doddridge Brannon, Professor of Law Emeritus, in Harvard University. Third Edition. The W. H. Anderson Company, Cincinnati, 1920, pp. lxvi, 662. That this is the third edition of this compilation, indicates a favorable reception by law book buyers. In this case the demand should not be confinned to lawyers, for the book would be of particular value to bankers and others of the lay world who have to deal with commercial paper. And for such readers, who seek practical information as to the characteristics and qualities of particular instruments as affected by the …

Fictitious Payee, Victor H. Kulp

Michigan Law Review

It is proposed to discuss the doctrine that negotiable instruments with fictitious payees are deemed payable to bearer, and to note the conditions and limitations of the rule.

Public Utility Valuation - Cost Of Reproduction Theory And The World War, Edwin C. Goddard

Articles

The very grave objections to the cost-of-reproduction theory of valuation of public utilities was pointed out at large in 15 MICH. L. REV. 205. The violent price changes following the World War have greatly increased the weight of these objections to calling anything a base which rests on such uncertainties and fluctuations as cost-of-reproduction. A base should be stable, but this has the stability Of a flying machine. There had been a rising curve of costs from 1893 to 1916, but since that date the rise has been almost vertical. The public utilities by- the thousands desire to take advantage …

The Legal Status Of Abstract Books, Literary Property, Implied Contract Of Secrecy, Unfair Trade, Edgar N. Durfee

Articles

A recent case before the Supreme Court of Washington raises some novel and interesting questions. A company engaged in the abstract business mortgaged its "records, bookt, plats." After suit was commenced to foreclose the mortgage, the mortgagor, who remained in possession, made photographic copies of the records and sold them to the defendant who had notice of the mortgage of the originals. The foreclosure resulted in a sale of the property, described as in the mortgage, to the plaintiff. Whether plaintiff knew at this time of the existence of the copies does not appear. Plaintiff is using the original records …

Doctrine Of Bad Faith In The Law Of Negotiable Instruments, George W. Rightmire

Michigan Law Review

This rule is now enacted in all but two of the states of the United States; the history of its development and of its application since it became undisputed is well illustrative of the process of the common law system, and this discussion is undertaken for the purpose of discovering the general principles which a trial court should have in mind when charging a jury in a case involving the application of this doctrine.