Gray v. Robinson
Mississippi Supreme Court
From the circuit court of Alcorn county. Hon. Eugene O. #ykes, Judge. Gray, appellant, was plaintiff in the court below; Robinson, appellee, was defendant there. From a judgement in defendant’s favor, the plaintiff appealed to the supreme court. One George Hazard, doing business as the Corinth Brokerage Company, was engaged in buying and selling cotton for future delivery.
Read the full summary
From the circuit court of Alcorn county. Hon. Eugene O. #ykes, Judge. Gray, appellant, was plaintiff in the court below; Robinson, appellee, was defendant there. From a judgement in defendant’s favor, the plaintiff appealed to the supreme court. One George Hazard, doing business as the Corinth Brokerage Company, was engaged in buying and selling cotton for future delivery. Among his customers was Robinson, appellee, who had numerous dealings, extending over four years, with the company. In all the dealings between these parties no actual cotton was ever received or delivered by either of…
1Opinion of the Court
Wi-iitfield, O. J.,
delivered the opinion of the court.
It is held in Montjoy v. Delta Bank, 76 Miss. 402, 24 South. 870, that “a contract violative of public policy, or of a positive rule of law, or against good morals, will not be enforced, even at the suit of an innocent transferee, although it be evidenced *6by a promissory note payable to bearer.” It was held in Campbell v. National Bank, 74 Miss. 526, 21 South. 400, 23 South. 25, that “a contract for the payment of differences in prices, arising out of the rise and fall in the market price above or below the contract price, is a wager on…
2Cases cited2 opinions
- Campbell v. New Orleans National BankMississippi Supreme Court · 1896
- Montjoy v. Delta BankMississippi Supreme Court · 1898
3Cited by4 opinions
- Ascher v. Edward Moyse & Co.Mississippi Supreme Court · 1911
- Alamaris v. Jno. F. Clark & Co.Mississippi Supreme Court · 1933
- Burgson & Co. v. Williams, Smithwick & Co.Mississippi Supreme Court · 1929
- Cohn v. BrinsonMississippi Supreme Court · 1916