Quotes · Quote card
Quotation from Transamerica Mortgage Advisors, Inc. v. Lewis by Supreme Court of the United States
“By declaring certain contracts void, § 215 by its terms necessarily contemplates that the issue of voidness under its criteria may be litigated somewhere.”
Transamerica Mortgage Advisors, Inc. v. Lewis, Opinion of the Court (Justice Stewart) (U.S. Reports text (Legal Information Institute))
Justice Stewart explains why Section 215 implies a private suit to rescind an advisory contract.
Citation: "By declaring certain contracts void, § 215 by its terms necessarily contemplates that the issue of voidness under its criteria may be litigated somewhere." — Supreme Court of the United States, Transamerica Mortgage Advisors, Inc. v. Lewis, Opinion of the Court (Justice Stewart) (U.S. Reports text (Legal Information Institute)). (id transamerica-mortgage-advisors-v-lewis-q2)
Portrait: US Supreme Court Justice Potter Stewart - 1976 official portrait, Robert S. Oakes, Public domain.
