Edward Douglass White

Name: Hansen v. Boyd — Opinion of the Court
Author: Edward Douglass White

Summary

“Hansen v. Boyd — Opinion of the Court”, is a work by Edward Douglass White. It explores elements such as wheat, defendant and plaintiffs.

Quotes from Hansen v. Boyd — Opinion of the Court (Edward Douglass White)

Edward Douglass White, Hansen v. Boyd — Opinion of the Court

“ All optional contracts, however, are not illegal under the statute which was read to you. If the option is to sell or purchase at a future time, then it is illegal and a wager; but if the option consists merely of a delivery within a specified time, the contract is valid, and what was done by putting up margins amounts to nothing unless the contract itself is illegal. The validity of an option contract depends upon the mutual intention of the parties thereto, and, if a sale or purchase of actual wheat for future delivery is intended, it is valid. ”

[↩︎]

Source: Wikisource

Edward Douglass White, Hansen v. Boyd — Opinion of the Court

“ The fifteenth assignment of error covers an instruction to the jury that, if facts and circumstances introduced in evidence by the plaintiffs which tended to show that the order for the transfer of May wheat to June wheat was given, in connection with a number of other recited facts were found by the jury to exist, they would constitute a ratification. ”

[↩︎]

Source: Wikisource

Edward Douglass White, Hansen v. Boyd — Opinion of the Court

“ Courts, however, must recognize from necessity the methods of carrying on business at the present day, and apply well-settled principles of the common law to enforce contracts, unless they are forbidden by statute, or violate some rule of public policy. The daily mercantile business of the country (mercantile deals-and by that I mean the sale and purchase of personal property) could not be successfully carried on if merchants and dealers were unable to sell something which they did not have, but which they intended to get in the market and buy before the day of delivery. ”

[↩︎]

Source: Wikisource

Edward Douglass White, Hansen v. Boyd — Opinion of the Court

“ Evidence had been introduced on behalf of plaintiffs that the agreement with Hansen was that the transactions were to be conducted under the rules of the Board of Trade at Chicago, and that such rules were explained to him. The rules and regulations in question were therefore competent evidence. Bibb v. Allen, 149 U.S. 481, 489, 490, 13 Sup. Ct. 950. The oral testimony of Boyd tended to explain the purport of those rules and the transactions thereunder, and was consequently relevant. ”

[↩︎]

Source: Wikisource

Edward Douglass White, Hansen v. Boyd — Opinion of the Court

“ A trader has a right to sell, to deliver at some future time, that which he then has not, but which he expects to go into the market and buy; and the parties may agree mutually that there need not be a present delivery, but that such delivery may take place at some other time. Such future-delivery contracts, however, must be in good faith ”

[↩︎]

Source: Wikisource

Edward Douglass White, Hansen v. Boyd — Opinion of the Court

“ Ordered, that if the defendants in error will within a reasonable time during the present term of this court file in the circuit court of the United States for the district of Minnesota a remittitur of such excess, and produce and file a certified copy thereof in this court, the judgment, less the amount so remitted, will be affirmed; but, if this is not done, the judgment will be reversed. In either event the costs must be paid by defendant in error. ”

[↩︎]

Source: Wikisource

Edward Douglass White, Hansen v. Boyd — Opinion of the Court

“ The plaintiffs' theory is, and evidence has been introduced tending to sustain it, that they were employed by defendant, through the Minneapolis office, as brokers and commission merchants, to purchase or sell wheat, for future delivery, on his account, and that such sales and purchases were to be made on the Chicago Board of Trade, with the members thereof; that such contracts were to be governed by the rules and usages of such Chamber of Commerce ”

[↩︎]

Source: Wikisource

Edward Douglass White, Hansen v. Boyd — Opinion of the Court

“ George Shepherd, who said: 'I used to have a few deals in options, and when I was trading with him I had never made a loss;' and that the next day after the introduction the manager spoke to him in the Chamber of Commerce Building in Minneapolis, and said that 'he knew I had some trades a year ago, and they had roasted me pretty hard then, but he thought it was a good chance to make something back this fall by making some scalps.' On cross-examination, witness, on being asked, 'What do you mean by the word 'scalps? ”

Edward Douglass White

Summary

Quotes from Hansen v. Boyd — Opinion of the Court (Edward Douglass White)

Common terms

Similar works

Get perspective with Kwize: daily news enlightened by great literature