George J. Grant Constr. Co. v. Commissioner
United States Board of Tax Appeals
SEVERABLE CONTRACTS. - Written instruments evidencing contractual relations between the petitioner and the Board of Water Commissioners of the City of St. Paul, Minnesota, held to evidence two separate contracts upon which the contractor's losses may be taken in the accounting period within which work upon each separate contract was completed.
1Opinion of the Court
*398OPINION.
Teussell :
A study of the language of the award of contract discloses that the petitioner was to receive for the construction of the reservoir a fixed and definite amount as compensation, and (hat amount was $194,158.01. It further discloses that the work of building the embankments was to be done on the basis of the cost plus 15 per cent but not to exceed a total amount of $51,896. It thus appears that the contractual relations entered into between the petitioner and the Board of Water Commissioners contemplated the performance of one piece of work for a fixed and determined amount,…
2Cases cited6 opinions
- Norris v. HarrisCalifornia Supreme Court · 1860
- Mulcahy v. DieudonneSupreme Court of Minnesota · 1908
- McGrath v. CannonSupreme Court of Minnesota · 1893
- Stauff v. BingenheimerSupreme Court of Minnesota · 1905
- Blake v. J. Neils Lumber Co.Supreme Court of Minnesota · 1910
1 more not listed; retrieve them via the Exa API.