1. Home
  2. Browse Decisions
  3. U.S.
  4. 281 U.S.
  5. 281 U.S. 11 (1930)
 

LUCAS v. NORTH TEXAS CO.

No. 92.

281 U.S. 11 (1930)

50 S.Ct. 184

74 L.Ed. 668

LUCAS, COMMISSIONER OF INTERNAL REVENUE, v. NORTH TEXAS LUMBER COMPANY.

Supreme Court of United States.

Decided February 24, 1930.

Attorney(s) appearing for the Case

Solicitor General Hughes, with whom Assistant Attorney General Youngquist, Messrs. Randolph C. Shaw and J. Louis Monarch, Special Assistants to the Attorney General, C.M. Charest, General Counsel, and Shelby S. Faulkner, Special Attorney, Bureau of Internal Revenue, were on the briefs, for the petitioner.

Mr. Albert B. Hall, with whom Mr. Joseph J. Eckford was on the brief, submitted for respondent.

MR. JUSTICE BUTLER delivered the opinion of the Court.

The respondent, a Texas corporation, for some time prior to 1917 was engaged in operating a sawmill, selling lumber and buying and selling timber lands. December 27, 1916, it gave to the Southern Pine Company a ten day option to purchase its timber lands for a specified price. The latter was solvent and able to make the purchase. On the same day title was examined and found satisfactory to the Pine Company. It...

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