Summary

Portrait of Hugo Black Hugo Black United States v. Yazell — Dissent

I am contrari-minded.
'A loan from the Federal Government is a federal matter and should be governed by federal law. There being no federal statute on the subject, the courts must fashion a rule. This is the clear holding of Clearfield Trust Co. v. United States. [1]
'To effectuate the policy of the Small Business Act, loans of many hundreds of thousands of dollars each year to businesses must be made throughout the country. These loans can be made only under conditions which will reasonably assure repayment. [2] I think the Act should be of uniform application throughout the country.
Source: Wikisource

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