Legal Opinion
Commissioner v. R. J. Darnell, Inc.
Court of Appeals for the Sixth Circuit
Decided June 29, 1932No. 5900PublishedCited by 27 opinions
1Opinion of the Court
HICKENLOOPER, Circuit Judge.
Prior to January 26, 1920, respondent owned and operated a sawmill and timber properties in Panola county, Miss. On the date mentioned it entered into a contract for the sale of the sawmill and equipment for the base price of $225,000, payable, $25,000 on- the signing of the contract and $50,000 on delivery of warranty deeds, and by the delivery of three notes respectively for $25,000, $50,000, and $75,000, and maturing six months, one year, and two years from date. Obviously, a sawmill has value in excess of what may be obtained for it as salvage only if…
2Cases cited17 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
12 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Gowen v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1933
- Commissioner of Int. Rev. v. Cleveland Trinidad Pav. Co.Court of Appeals for the Sixth Circuit · 1932
- United States v. HarmonCourt of Appeals for the Tenth Circuit · 1953
- Bonham v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1937
- Frost Lumber Industries v. Commissioner of Int. Rev.Court of Appeals for the Fifth Circuit · 1942
22 more not listed; retrieve them via the Exa API.