In re American Toy Works, Inc.

E.D. New York

In re American Toy Works, Inc.

96 F. Supp. 282, 1950 U.S. Dist. LEXIS 1967

District Court, E.D. New York·Decided June 20, 1950·No. Bankr. No. 47494·Published

Opinion

BYERS, District Judge.

An examination of the testimony yields agreement with the views of the Referee which are understood to come down to this: That the so-called general partners did practically nothing to earn the salaries seemingly paid to them on behalf of the selling agency; that the special partners, so-called, were the real salesmen, and that the action of the Collector in allowing deductions only as to them was enlightened.

The Referee’s determination is affirmed. Settle order.

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BYERS, District Judge.

An examination of the testimony yields agreement with the views of the Referee which are understood to come down to this: That the so-called general partners did practically nothing to earn the salaries seemingly paid to them on behalf of the selling agency; that the special partners, so-called, were the real salesmen, and that the action of the Collector in allowing deductions only as to them was enlightened.

The Referee’s determination is affirmed. Settle order.

In re American Toy Works, Inc., 96 F. Supp. 282, 1950 U.S. Dist. LEXIS 1967 (E.D.N.Y. 1950).

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