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Articles 331 - 337 of 337

Full-Text Articles in Government Contracts

Termination Of War Contracts: The Contract Settlement Act Of 1944, David A. Goldman Oct 1944

Termination Of War Contracts: The Contract Settlement Act Of 1944, David A. Goldman

Michigan Law Review

Enacted with a background of knowledge gained from the termination of more than 25,000 army and navy contracts having an uncompleted value of approximately $17,000,000,000, the Contract Settlement Act of 1944 was the first of the legislative enactments by which Congress seeks to control the possibility of a rising tide of economic difficulties which might otherwise drown the body politic in a flood of cancellation notices. The passage of the act was preceded by extensive public hearings and debates, during which responsible Government officials and leaders of labor and industry expressed their considered opinions. Congress likewise had the benefit of …

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A Further Legal Inquiry Into Renegotiation: I, Charles W. Steadman Aug 1944

A Further Legal Inquiry Into Renegotiation: I, Charles W. Steadman

Michigan Law Review

Renegotiation has undergone some important changes which call for consideration. Congress .has undertaken to rewrite the Renegotiation Act. Administrative and procedural developments have created new problems. The act is being attacked as unconstitutional. Procedural technique and statutory interpretations have crystallized sufficiently to permit careful scrutiny. And the problems regarding the determination. of excessive profits, questions of taxation, amortization, cost allowances, as well as the constitutionality of the act, are a challenge to a continued study of this law and its administration.

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Termination Of War Department Contracts At The Option Of The Government, David A. Goldman Apr 1944

Termination Of War Department Contracts At The Option Of The Government, David A. Goldman

Michigan Law Review

The United States of America has been mobilized and waging war for more than two years. Every device known to science, every resource of the country, every means of production, has been and is being employed to bring the conflict to a successful conclusion. Public funds, in amounts beyond comprehension, have been appropriated for the production of materiel. As of March r943, the War Department alone had outstanding more than 240,000 contracts in the face amount of approximately $75,000,000,000.

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Taxation-Assessment Of Government-Owned Property Leased To Private Enterprise, Allen C. Holmes Apr 1944

Taxation-Assessment Of Government-Owned Property Leased To Private Enterprise, Allen C. Holmes

Michigan Law Review

The Board of Property Assessment, Appeals, and Review of Allegheny County for ad valorem taxes in the state of Pennsylvania increased the assessed value of the realty of the Mesta Machine Company by the sum of $618,000 to include the value of certain additional machinery which had been installed on the premises. The machinery was leased by the United States Government to the company and was placed in the factory in order that the company might manufacture heavy field guns for the Government, under a cost-plus-fixed-fee contract. The legal title and the beneficial ownership of the machinery remained in the …

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Legal Aspects Of Renegotiation, Charles W. Steadman Feb 1944

Legal Aspects Of Renegotiation, Charles W. Steadman

Michigan Law Review

The Renegotiation Act which became effective April 28, 1942, was designed to eliminate and remove exorbitant profits from war contracts. No other recent statute has been the subject of so much controversy and misunderstanding. Since the beginning of renegotiation of contracts in the late summer and early fall of 1942, policies have been crystalizing and many interpretations of the act have been made, but many more questions as to its meaning must still be answered.

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Renegotiation Of War Contracts, Charles W. Steadman Aug 1943

Renegotiation Of War Contracts, Charles W. Steadman

Michigan Law Review

The limitation of war profits to fair and reasonable levels and the purchase of war goods at fair prices are essential to the successful prosecution of the war. These problems come as a part of war and must be solved just as surely as tactical problems in battle. Exorbitant profits and prices spell defeat to any nation, for they point the way to inflation and economic collapse. In modern war the difference between defeat and victory lies ultimately in the economic strength of the countries involved. The lessons of history have shown us that no nation can achieve and maintain …

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Contracts With The United States, Grover C. Grismore Jun 1924

Contracts With The United States, Grover C. Grismore

Michigan Law Review

It has been settled since a comparatively early day in the history of our government that "the United States being a body politic, may, within the sphere of the constitutional powers confided to it, and through the instrumentality of the proper department to which those powers are confided, enter into contracts not prohibited by law, and appropriate to the just exercise of those powers." While this proposition became established without much of a struggle, it has not been so freely admitted that such contracts are to be given the same construction and effect as the contracts of individuals. In Smoot's …

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