state as trader
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 292 U.S. 360 - Ohio v. Helvering · 1934Most cited · 366 citing opinions
When a state enters the market place seeking customers it divests itself of its quasi sovereignty pro tanto, and takes on the character of a trader, so far, at least, as the taxing power of the federal government is concerned.