Summary

Joseph McKenna McCaskill Company v. United States…

Residence and cultivation of the land are the price that is exacted for its payment. It is in the power of the settler to modify the terms somewhat. He may substitute for a residence and cultivation for five years a residence and cultivation for not less than fourteen months; but he must make 'proof of settlement and of residence and cultivation for such period of fourteen months,' and pay the price provided by law for the land entered. This is known as the 'commutation' of his homestead entry.
Source: Wikisource

Joseph McKenna McCaskill Company v. United States…

It gives the right of entry of 160 acres of land as a homestead, upon the condition, however, which must be established by affidavit, that the 'application is honestly and in good faith made for the purpose of actual settlement and cultivation, and not for the benefit of any other person.' That applicant will honestly endeavor to comply with the requirements of settlement and cultivation, and does not apply to enter the same for the purpose of speculation. The purpose of the law, therefore, is to give a home, and, to secure the gift, the applicant must show that he has made the land a home.
Source: Wikisource

Joseph McKenna McCaskill Company v. United States…

Their interests, it may be conceived, may be adverse to its interest, and hence has arisen against the presumption that their knowledge is its knowledge, the counter presumption that, in transactions with it, when their interest is adverse, their knowledge will not be attributed to it. But while this presumption should be enforced to protect the corporation, it should not be carried so far as to enable the corporation to become a means of fraud or a means to evade its responsibilities.
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature