Legal Opinion
Piedmont Canteen Service, Inc. v. Johnson
Supreme Court of North Carolina
Decided January 12, 1962No. 459PublishedCited by 59 opinions
1Opinion of the CourtMoore, J.
We first consider the use tax assessment.
By the terms of the lease agreement for use of the vending machines Piedmont was obligated to pay, and did pay, Automatic rental on three bases: (1) Initial rent, to cover Automatic’s cost of placing machines in Piedmont’s place of business; (2) period rent, for 65 company periods or five years to cover amortization of the cost of machines to Automatic; and (3) residual rent, a nominal rental charged by Automatic for use of machines more than five years old. These three rentals were paid with respect to all of the machines leased by Piedmont.
In…
2Cases cited26 opinions
- Fox v. Standard Oil Co. of NJSupreme Court of the United States · 1935
- Power Manufacturing Co. v. SaundersSupreme Court of the United States · 1927
- Quaker City Cab Co. v. Commonwealth of PennsylvaniaSupreme Court of the United States · 1928
- Roth Drug, Inc. v. JohnsonCalifornia Court of Appeal · 1936
- Watson Industries, Inc. v. ShawSupreme Court of North Carolina · 1952
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3Cited by59 opinions
- Stanley v. Department of Conservation & DevelopmentSupreme Court of North Carolina · 1973
- Lunsford v. MillsSupreme Court of North Carolina · 2014
- Dunn v. PateSupreme Court of North Carolina · 1993
- Ross Realty Co. v. First Citizens Bank & Trust Co.Supreme Court of North Carolina · 1979
- In Re the Appeal of MartinSupreme Court of North Carolina · 1974
54 more not listed; retrieve them via the Exa API.