Publications
Publications
- December 1984 (Revised July 2005)
- HBS Case Collection
Burnet vs. Logan
By: Henry B. Reiling
Abstract
The taxpayer sold mining company stocks and was to be paid royalty as ore was extracted from the corporation's mine. Because the factual issues of whether ore would be extracted and, if so, how much and when were so indeterminate, the court held that the contract right to royalty payments could not be valued. There was no "realization." Recognition would be postponed until payments were actually received.
Keywords
Citation
Reiling, Henry B. "Burnet vs. Logan." Harvard Business School Case 285-086, December 1984. (Revised July 2005.)