Fauntleroy v. Lum
United States Supreme Court
210 U.S. 230 (1908)
Lum (defendant) engaged in speculation regarding the cotton futures market. This speculation resulted in Lum owing a debt to Fauntleroy (plaintiff). The transaction at issue occurred in Mississippi. When Lum refused to repay the money, Fauntleroy initiated an arbitration proceeding, which concluded with a judgment in Fauntleroy’s favor. Fauntleroy then brought a case in the Missouri state court, where he sought to enforce the judgment against Lum. The Missouri court had proper personal jurisdiction over Lum and entered a directed verdict in favor of Fauntleroy. In the Missouri court, Lum argued that the transaction he and Fauntleroy engaged in was illegal under Mississippi law. The Missouri court refused to hear this argument. Lum then brought an appeal before the Mississippi Supreme Court, which found in Lum’s favor. The court specifically held that the Missouri court could not enforce an illegal transaction. Fauntleroy appealed.
Rule of Law
Holding and Reasoning (Holmes, J.)
Dissent (White, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 168,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 13,800 briefs, keyed to 187 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.