JUDICIARY: Decisions

Insurance. Can a Federal inheritance tax be collected on a life insurance policy when the decedent had retained the right to change beneficiaries? The Supreme Court ruled, last week, that such a tax can be collected on such a policy. Such a tax is constitutional because it is "not a direct unapportioned tax."

Gasoline. Can a state legislature fix the price of gasoline? In 1927 the Tennessee legislature had declared gasoline a "public utility," subject to state price-fixing. The Standard Oil Co. of Louisiana and the Texas Co. protested. The Supreme Court...

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