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Atwater v. Guernsey, 254 U.S. 423 (1921)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Atwater v. Guernsey, 254 U.S. 423 (1921)
Atwater v. Guernsey No. 511 Submitted December 14, 1920 Decided January 3, 1921 254 U.S. 423
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE SECOND CIRCUIT
Syllabus
Petitioner advanced his son the money to buy a seat in the New York Stock Exchange and to pay the initiation fee, executing releases to the son which were filed with the Exchange in compliance with its rules, and the son paid interest on the amount advanced. The evidence showed that the advance was intended as a gift, and that the interest was paid as a moral obligation merely. Held, irrespective of the technical operation of the releases, that the petitioner had no valid claim to reimbursement against the trustee of the son’s firm in bankruptcy.
266 F. 278 affirmed.
The case is stated in the opinion.
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Chicago:
U.S. Supreme Court, "Syllabus," Atwater v. Guernsey, 254 U.S. 423 (1921) in 254 U.S. 423 Original Sources, accessed August 30, 2025, http://www.originalsources.com/Document.aspx?DocID=EWV75EXCXMGYQS1.
MLA:
U.S. Supreme Court. "Syllabus." Atwater v. Guernsey, 254 U.S. 423 (1921), in 254 U.S. 423, Original Sources. 30 Aug. 2025. http://www.originalsources.com/Document.aspx?DocID=EWV75EXCXMGYQS1.
Harvard:
U.S. Supreme Court, 'Syllabus' in Atwater v. Guernsey, 254 U.S. 423 (1921). cited in 1921, 254 U.S. 423. Original Sources, retrieved 30 August 2025, from http://www.originalsources.com/Document.aspx?DocID=EWV75EXCXMGYQS1.
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