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Yakus v. United States
United States Supreme Court
321 U.S. 414 (1944)
Pursuant to the Emergency Price Control Act, the Office of Price Administration (OPA) established maximum prices for several commodities, including beef. The act stated that its purpose was to stabilize prices to avoid wartime inflation. Further, the act provided that the OPA would fix the maximum price of a commodity only if the price first rose to a level that was inconsistent with the act’s purpose. Finally, the act laid out standards that the OPA was to apply in fixing prices, including that any prices so fixed were fair and equitable, and that the OPA consider prevailing prices during the period prior to their rise. Yakus (defendant) was charged with selling beef at prices above the maximum that the OPA had prescribed. Yakus was convicted. The United States Supreme Court granted certiorari based on Yakus’s argument that the act improperly delegated Congressional price-control powers to the OPA.
Rule of Law
Holding and Reasoning (Stone, C.J.)
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