CORPORATIONS-POWER TO DELEGATE MANAGEMENT FOR LONG PERIOD

Authors

Abstract

The corporate parties contracted that in consideration of certain commissions to be paid to the plaintiff, the defendant insurance company should delegate to the plaintiff corporation complete and exclusive control and management of its entire business for a period of twenty years. In an action to recover commissions, held, that the contract was void on the ground of public policy, and that there could be no recovery. Sherman & Ellis, Inc., v. Indiana Mutual Casualty Company (C. C. A. 7th Cir.) 41 F.(2d) 588.

Recommended Citation

CORPORATIONS-POWER TO DELEGATE MANAGEMENT FOR LONG PERIOD, 29 Mich. L. Rev. 367 (1931).
Available at: https://repository.law.umich.edu/mlr/vol29/iss3/14