Brown & Williamson, (P.R.) Inc. v. Sancho Bonet

The plaintiff, a corporation organized under the laws of Puerto Rico and with its main office in San Juan, declared for the fiscal year 1935-36, that it owned the following-property :

“Cash on band._ $3,268.34

“Personalty_ 17,632.58

“Accounts receivable_„_ 38, 827. 28

“Expenses paid in advance_ 940.59

“Total_$60, 668. 79”.

Together with the return it filed the following detailed account of its chattels:

“Properties in Sam Juan:

“Merchandise_a_$2, 407. 40

‘ ‘ Furniture and fixtures- 894. 67

“Automobiles_ 2,146.34

“Materials (prop.)- 4,046.04

“Total_$9,526.45

“Properties in Ponce:

“Merchandise_$2,407.39

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