Chicago Board of Trade v. Christie Grain
Case Date: 05/19/2024
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Chicago Board of Trade v. Christie Grain, 198 U.S. 236 (1905), was a decision by the United States Supreme Court, which upheld sales of American grain for future delivery provided for by the rules of the Chicago Board of Trade of the state of Illinois. Justice Oliver Wendell Holmes, Jr. delivered the majority opinion of the court, in which he wrote:
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People will endeavor to forecast the future and to make agreements according to their prophecy.
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