just and reasonable
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 334 U.S. 182 - Schwabacher v. United States · 1948Most cited · 306 citing opinions
In appraising a stockholder's position in a merger as to justice and reasonableness, it is not the promise that a charter made to him but the current worth of that promise that governs, it is not what he once put into a constituent company but what value he is contributing to the merger that is to be made good.