SQUIRES v. UNITED STATES

No. 67-1500-IH.

289 F.Supp. 597 (1968)

George H. SQUIRES and Phyllis G. Squires, Plaintiffs, v. UNITED STATES of America, Defendant.

United States District Court C. D. California.

July 30, 1968.


Attorney(s) appearing for the Case

Ernest E. Pinkerton, Cavalletto, Webster, Mullen & McCaughey, Santa Barbara, Cal., for plaintiffs.

Jerry R. Stern, Asst. U. S. Atty., Tax Division, Wm. Matthew Byrne, Jr., U. S. Atty., Los Angeles, Cal., for defendant.


HILL, District Judge.

FINDINGS OF FACT

1. By written contract of sale (Exhibit 1) dated May 9, 1961, Plaintiffs purchased a fire and casualty insurance agency in Santa Barbara, California, for $60,800 from St. Clair Morton (hereinafter referred to as "Morton").

2. The contract of sale allocated $60,000 of the purchase price to "expirations" and $800 to office furniture. Of the total consideration, $10,000 was paid upon execution of the contract and...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases