MOORE v. UNITED STATES

No. 42855.

10 F.Supp. 143 (1935)

MOORE v. UNITED STATES.

Court of Claims.

March 4, 1935.


Attorney(s) appearing for the Case

Preston B. Kavanagh, of Washington, D. C. (Karl D. Loos, of Washington, D. C., on the brief), for plaintiff.

Elizabeth B. Davis, of Washington, D. C., and Frank J. Wideman, Asst. Atty. Gen. (John T. Koehler, of Washington, D. C., on the brief), for the United States.

Before BOOTH, Chief Justice, and LITTLETON, GREEN, WILLIAMS, and WHALEY, Judges.


LITTLETON, Judge.

In 1927 the decedent, Martin B. Moore, sold his interest in certain oil-producing land for $1,666,666.67 realizing a profit on such sale. Part of the consideration received from the purchaser consisted of ten interest-bearing promissory notes, each in the face amount of $100,000 payable one each year for ten years, beginning with the year 1928, and secured by a deed of trust on the property sold. One of the notes of $100,000 was paid in 1928.

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