Legal Opinion
Arbesfeld v. State Tax Commission
Appellate Division of the Supreme Court of the State of New York
Decided June 8, 1978PublishedCited by 6 opinions
1Opinion of the Court
OPINION OF THE COURT
Kane, J.
In 1967 Hyman Arbesfeld entered into a 10-year employment contract to manage the Beverly Hotel in New York City for a stated portion of the profits of that business. The agree*629ment also specified that he was to loan the employer $150,000 at 4% interest upon repayment terms extending over the life of the contract. Lacking the total sum himself, Arbesfeld solicited contributions from others in exchange for a distributive share of his anticipated earnings. He succeeded in raising the funds and the participants reached an agreement whereby that income was to be divided,…
2Cases cited5 opinions
- Grace v. New York State Tax CommissionNew York Court of Appeals · 1975
- Koner v. ProcaccinoNew York Court of Appeals · 1976
- People Ex Rel. Nauss v. GravesNew York Court of Appeals · 1940
- Matter of Hewitt v. BatesNew York Court of Appeals · 1948
- Warnecke v. State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1962
3Cited by6 opinions
- Basch v. New York State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1987
- Chasanoff Operating Co. v. State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1980
- Costa v. State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1979
- 635 Associates v. New York State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1983
- Du Bois v. State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1979
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