United States v. Missouri Pacific Railroad

How later courts describe this case

• plaintiff did not seek rescission, and although prompt notice was given, plaintiff waived objections to contract by accepting benefits thereunder
• when party to contract failed to rescind the contract for fourteen months, delay jorohibits the late attempt to rescind
• defendant corporation was an insider of the issuing corporation on the theory that an individual sitting on both boards had been “deputized” by defendant Martin Marietta
• the proper measure of damages