It's a time-honored recess tradition that should a group of kids find something on the ground, then "finders, keepers" is the binding contract. Despite how silly it may sound, this is effectively what Armory v Delamirie sought to define: what constitutes, and who can claim, ownership of an object.
Gregory v Helvering & the Old Roots of Modern Financial Duplicity
Gregory v Helvering (1935) is not the most well-known financial case, yet this Great Depression-era piece of litigation is fascinating for a number of reasons. Perhaps the most notable reason for its appeal is its relevance to more modern financial scandals. Although this case is almost a century
United States v Winthrop & the Test for Ordinary Income
United States v Winthrop (1969) is a case in which the court rejected the capital gain classification and ruled that certain transactions were sales made in the ordinary course of business. Understanding the distinction between business income and capital gains is critical for any taxpayer as