QUEEN
v.
COMMONWEALTH TRUST CO. ET AL.

U.S. | 1933-10-09
No. 326
290 U.S. 662 Supreme Court of the United States (1933) Positive Treatment
Cited by 3 cases

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  • …tual company but its income must be used or held solely for the payment of losses or expenses. MacLaughlin v. Philadelphia Contributionship, 3 Cir., 73 F. 2d 582; Baltimore Equitable Society v. United States, Ct.Cl., 3 F.Supp. 427, certiorari denied 290 U.S. 662, 54 S.Ct. 77, 78 L.Ed. 573. The appellee contends that it meets the second requirement as well as the first, that not only is it a mutual company but all of its income is held for the purpose of paying losses and expenses. The District Court so held…
  • …Ed. -; MacLaughlin v. Philadelphia Contributionship, etc., 3 Cir., 1934, 73 F. 2d 582, certiorari denied, 1935, 294 U.S. 718, 55 S.Ct. 544, 79 L.Ed. 1251; Baltimore Equitable Soc. v. United States, Ct.Cl.1933, 3 F.Supp. 427, certiorari denied, 1933, 290 U.S. 662, 54 S.Ct. 77, 78 L.Ed. 573. The Supreme Court in Penn Mutual Co. v. Lederer, 1920, 252 U.S. 523, 533, 40 S.Ct. 397, 400, 64 L.Ed. 698 points out variations in types of mutual companies but recognizes that they are all cooperative enterprises. “In o…
  • Christo v. Ramada Inns, Inc., 609 F.2d 1058 (3d Cir. 1979)
    …hat Mr. Ferrell did not answer plaintiff’s two letters offering assistance in closing a deal, which were received after the meeting with Mr. Romani. In light of the precedent of Queen v. Commonwealth Trust Co., 64 F. 2d 946 (3d Cir.), cert. denied, 290 U.S. 662, 54 S.Ct. 77, 78 L.Ed. 573 (1933), this evidence is legally insufficient to justify submitting the issue of efficient procuring cause to a jury. In Queen the plaintiff sought a commission on the sale of a stock interest in a railroad company to the…

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