Legal Opinion
Sebastian Enterprises, Inc. v. Florida First National Bank at Vero Beach
District Court of Appeal of Florida
Decided April 29, 1977No. 76-906PublishedCited by 4 opinions
1Opinion of the Court
DAUKSCH, Judge.
The question is whether or not the inclusion of a debt on a tax return or a financial statement is sufficient acknowledgement to toll the statute of limitations. We hold that it is and that the debt is enforceable here.
Mr. Bosworth died owning 49% of the stock in the appellant corporation. The balance was owned by his secretaries and bookkeepers; the two ladies owned 25% each, and one share was owned by his lawyer. ■ Apparently Mr. Bosworth was the primary operator of the business and saw to the daily operation while he was alive. He started the business and, when necessary,…
2Cases cited3 opinions
- Whale Harbor Spa, Inc. v. Thomas E. Wood, as of the Estate of Dorothy W. Wood, DeceasedCourt of Appeals for the Fifth Circuit · 1959
- Couret v. ConnerMississippi Supreme Court · 1920
- Hall v. BrownSupreme Court of Florida · 1920
3Cited by4 opinions
- Diamond v. T. Rowe Price Associates, Inc.District Court, D. Maryland · 1994
- Pear v. Grand Forks Motel AssociatesNorth Dakota Supreme Court · 1996
- In re Kessler Manufacturing Corp.United States Bankruptcy Court, S.D. Florida. · 1989
- Nolden v. NoldenDistrict Court of Appeal of Florida · 1995