Legal Opinion
Commissioner of Internal Revenue v. Burdette
Court of Appeals for the Ninth Circuit
Decided February 23, 1934No. 7134PublishedCited by 5 opinions
1Opinion of the Court
GARRECHT, Circuit Judge.
On May 1, 1915, the respondent loaned to her son, Roy Bradley Wheeler, the sum of $25,700. He executed in her favor two notes, each payable “Thirty days after demand,” one for $17,700, with interest at the rate of 6 per cent., and one for $8,000, with interest at the rate of 6% per cent., and he deposited with her as collateral security certificates for 400 shares of corporation stock in the Torrenee-Marshall & Co. In 1922, while the son and debtor was ill, he sold his stock in this company and requested the respondent to release the collateral, which she did, and no…
2Cases cited5 opinions
- Avery v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1927
- Duffin v. LucasCourt of Appeals for the Sixth Circuit · 1932
- Pedder v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1932
- Matern v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1932
- Kohn v. RupleyCalifornia Court of Appeal · 1921
3Cited by5 opinions
- Bank of California v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1943
- Santa Monica Mountain Park Co. v. United StatesDistrict Court, S.D. California · 1937
- Watson v. FahsDistrict Court, S.D. Florida · 1954
- Oster v. CommissionerUnited States Tax Court · 1964
- Suman v. CommissionerUnited States Tax Court · 1967