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Seeman v. Philadelphia Warehouse Co., 274 U.S. 403 (1927)
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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.
Seeman v. Philadelphia Warehouse Co., 274 U.S. 403 (1927)
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Seeman v. Philadelphia Warehouse Company No.198 Argued March 8, 1927 Decided May 16, 1927 274 U.S. 403
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE SECOND CIRCUIT
Syllabus
1. A corporation engaged in lending money or credit may legitimately stipulate for repayment in the state in which it is organized and conducts its business, in accordance with its laws and at the interest rate there allowable, even though the agreement for the loan was entered into in another state where a different law and a lower rate of interest prevail. P. 407.
2. The bona fides of a written agreement between the parties to a loan for repayment in the the lender is not impeached, nor a waiver established, by proof of other instances in which the repayments under similar agreements between them were made in the borrower’s state where the legal interest rate was lower. P. 409.
7 F.2d 999 affirmed.
Certiorari (269 U.S. 543) to a judgment of the circuit court of appeals which reversed a judgment of the district court recovered by Seeman et al. in an action against the warehouse company for conversion of pledged goods.
Contents:
Chicago:
U.S. Supreme Court, "Syllabus," Seeman v. Philadelphia Warehouse Co., 274 U.S. 403 (1927) in 274 U.S. 403 274 U.S. 404. Original Sources, accessed July 2, 2025, http://www.originalsources.com/Document.aspx?DocID=NS49A7MFTJA2E9U.
MLA:
U.S. Supreme Court. "Syllabus." Seeman v. Philadelphia Warehouse Co., 274 U.S. 403 (1927), in 274 U.S. 403, page 274 U.S. 404. Original Sources. 2 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=NS49A7MFTJA2E9U.
Harvard:
U.S. Supreme Court, 'Syllabus' in Seeman v. Philadelphia Warehouse Co., 274 U.S. 403 (1927). cited in 1927, 274 U.S. 403, pp.274 U.S. 404. Original Sources, retrieved 2 July 2025, from http://www.originalsources.com/Document.aspx?DocID=NS49A7MFTJA2E9U.
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