Legal Opinion
Wachovia Bank & Trust Co. v. United States
District Court, M.D. North Carolina
Decided September 30, 1980No. C-78-426-WSPublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
HIRAM H. WARD, District Judge.
This matter came before the Court on the parties’ cross-motions for summary judgment upon stipulated facts. Having considered the pleadings, deposition, stipulation of facts, briefs and arguments of counsel, the Court will grant plaintiffs’ motion for the reasons that follow.
The plaintiffs, Wachovia Bank & Trust Co., N.A. (Wachovia) and J. Robert Philpott, are co-executors of the estate of the taxpayer, Mary Cecil Sink.
On April 25, 1974, Mrs. Sink entered into an agency agreement with Wachovia for the investment and management of her…
2Cases cited22 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Knetsch v. United StatesSupreme Court of the United States · 1960
- Old Colony Railroad v. CommissionerSupreme Court of the United States · 1932
- Benjamin D. And Madeline Prentice Gilbert v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1957
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3Cited by3 opinions
- Rice's Toyota World, Inc. v. CommissionerUnited States Tax Court · 1983
- Drake v. United StatesDistrict Court, M.D. North Carolina · 1984
- Rice's Toyota World, Inc. v. CommissionerUnited States Tax Court · 1983