"The whole problem of the relation between parent and subsidiary corporations is one that is still enveloped in the mists of metaphor. Metaphors in law are to be narrowly watched, for starting as devices to liberate thought, they end often by enslaving it. We say at times that the corporate entity will be ignored when the parent corporation operates a business through a subsidiary which is characterized as an 'alias' or a 'dummy.'... Dominion may be so complete, interference so obtrusive, that by the general rules of agency the parent will be a principal and the subsidiary an agent."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Justices of the Supreme Court of the United StatesJudges from the United StatesLawyers from the United StatesPeople from New York CityAgnostics from the United States
Original Language: English
Available Languages (1)
Sources
Berkey v. Third Avenue Railway, 244 N.Y. 84, 94, 155 N.E. 58, 61 (N.Y. 1926). Sometimes misquoted as referring to "figures of speech" rather than metaphors, or with other minor variations.
https://en.wikiquote.org/wiki/Benjamin_N._Cardozo
Revision History
No revisions have been submitted for this quote.
Categories
Benjamin N. Cardozo
Benjamin Nathan Cardozo (24 May 1870 β 9 July 1938) was a long-time Justice of the Court of Appeals of New York, where his opinions included many declarations that would become famous in legal circles; he was appointed to the Supreme Court of the United States in 1932.
51 quotes on TrueQuotesView all quotes by Benjamin N. Cardozo β
Related Quotes
"Consequences cannot alter statutes, but may help to fix their meaning."
"The defendant styles herself "a creator of fashions." Her favor helps a sale. Manufacturers of dresses, millinery andβ¦"
"The law has outgrown its primitive stage of formalism when the precise word was the sovereign talisman, and every sliβ¦"
"Danger invites rescue. β¦ The wrongdoer may not have foreseen the coming of a deliverer. He is accountable as if he had."
"Fulfillment may fall short of expectation. At least there has been gained a foothold from which occasion can be seized."
"Inaction without more is not tantamount to choice."
"Not honesty alone, but the punctilio of an honor the most sensitive, is then the standard of behavior."
"Fraud includes the pretense of knowledge when knowledge there is none."
"Expediency may tip the scales when arguments are nicely balanced."
"Membership in the bar is a privilege burdened with conditions."