Logourl black
From our private database of 14,000+ case briefs...

Vanadium Corp. v. Fidelity & Deposit Co.

United States Court of Appeals for the Second Circuit
159 F.2d 105 (2d Cir. 1947)


Facts

The case involved two tracts of land held as mining leases by Redington (defendant), Wade, and Curran. Redington and Vanadium Corp. (Vanadium) (plaintiff) entered into a contract whereby Redington assigned to Vanadium his interest in the two leases, subject to approval by the Secretary of Interior. The contract provided that if the assignments were not approved, the agreement would be cancelled and Redington would refund the purchase price. Redington apparently failed to provide assurances to the Department of the Interior that it intended to cooperate with Wade and Curran in operating the leaseholds, and the Department eventually declined to approve the assignments. Vanadium brought suit to recover the purchase price. Redington was the principle on the bond issued by Fidelity & Deposit. The jury found for Redington. Vanadium appealed.

Rule of Law

The rule of law is the black letter law upon which the court rested its decision.

To access this section, please start your free trial or log in.

Issue

The issue section includes the dispositive legal issue in the case phrased as a question.

To access this section, please start your free trial or log in.

Holding and Reasoning (Clark, J.)

The holding and reasoning section includes:

  • A "yes" or "no" answer to the question framed in the issue section;
  • A summary of the majority or plurality opinion, using the CREAC method; and
  • The procedural disposition (e.g. reversed and remanded, affirmed, etc.).

To access this section, please start your free trial or log in.

What to do next…

  1. 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.

  2. 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 201,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 14,000 briefs, keyed to 188 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.