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United States v. Knight, 336 U.S. 505 (1949)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
United States v. Knight, 336 U.S. 505 (1949)
United States v. Knight No. 406 Argued March 4, 1949 Decided April 4, 1949 336 U.S. 505
CERTIORARI TO THE UNITED STATES COURT OF APPEALS
FOR THE THIRD CIRCUIT
Syllabus
1. Respondent was indicted for aiding and abetting a trustee in bankruptcy to appropriate property of the bankruptcy estate in violation of the Bankruptcy Act, and for conspiring to do so. The case hinged on whether certain funds received by the trustee and his counsel, and for which they did not account, were funds of the estate or gifts by a third party from his own property. There was substantial evidence to support either view. The jury found respondent guilty, and he was sentenced to pay a fine. The Court of Appeals reversed his conviction and directed entry of a judgment of acquittal.
Held: the Court of Appeals’ reversal was an improper interference with the jury function, and its judgment is reversed. Pp. 506-509.
2. All of the consideration which is paid for a bankrupt’s assets becomes part of the estate, and no device or arrangement, however subtle, can subtract or divert any of it. Pp. 508-509.
3. A different result is not required in this case by the claim that the funds in question were paid by the purchaser of the assets at a time when the rights of creditors and stockholders in the estate had been fixed and all allowances had been determined. P. 509.
169 F.2d 1001, reversed.
Respondent was convicted for aiding and abetting a violation of the Bankruptcy Act and for conspiracy. The Court of Appeals reversed. 169 F.2d 1001. This Court granted certiorari. 335 U.S. 901. Reversed, p. 509.
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Chicago: U.S. Supreme Court, "Syllabus," United States v. Knight, 336 U.S. 505 (1949) in 336 U.S. 505 336 U.S. 506. Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=S7F7MR6GZ9S11HK.
MLA: U.S. Supreme Court. "Syllabus." United States v. Knight, 336 U.S. 505 (1949), in 336 U.S. 505, page 336 U.S. 506. Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=S7F7MR6GZ9S11HK.
Harvard: U.S. Supreme Court, 'Syllabus' in United States v. Knight, 336 U.S. 505 (1949). cited in 1949, 336 U.S. 505, pp.336 U.S. 506. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=S7F7MR6GZ9S11HK.
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