BROOKS, Chief Judge.
This action is submitted on the record which includes a stipulation of facts. The briefs of the parties have been considered.
At the time the plaintiff-taxpayer purchased the Missouri Pacific Railroad Company bonds involved in this case a considerable amount of accrued interest was in default. The bonds were quoted for sale at a "flat" price, which means a sale for one specified sum without distinction as between principal and interest...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
