OCR Text |
Show THE DAILY PAGE FOUR TUESDAY, SEPTEMBER IS, 1970 RECORD Financing Statements NEW CORPORA TONS - 21290L lo to Rath F Dolton Ml Sego Are, gds, Run Budget Pin Plan) hh - Harry Y Anderson 1217 Indians Are, alo to Budget Fin Plant Honda 212902 t CORVLIT SPLC1AL1STS 52611 COLONIAL PRODUCTS OF UTAH, 52612 PANT-TRE- T 52613 RLALTV SFRIJCE, INC. 52614 SALON DANTE, I NC. 5 2610 24 E. HaAvasut AYe. , SLC., Utah 1610 So. Mail i, Bauntiut, Utah LctiJid Lafi&on, 44 2 "A" Sf., SLC., Utah INC. Auden on, Jcseyh Donald B. Thomas Jn. A. 52615 TOW I VC. 5 2616 TAFFY'S OF SALT LAKE CITY 52611 AMERICAN INTERNATIONAL INDUSTRIES, 52618 AMS A I. SLRV1CL CORPORATION 52611 LSTO, JVC. 52620 iiI COUNT RV ESTATES, JVC. 52u21 SALT 52622 LAKE OUSEL, 52625 52626 52621 52628 52629 5Z63J 52631 5263? 52633 5 2634 52635 52636 52637 5263S ZALL-VAU- FAIR, CHRIS - I VC. ZTCV DRUG, JVC. HIGH SKJ .ASSOCIATES JVC. WELLINGTON - CHASE, JVC. FRANCESCO'S OF NORTH UMi'LE JEFFERSON LOCAL DLVEICP'IENT KJAR BROTHERS 212911 - Gay L 8710 So, Sandy I., i., .MARTIN ASSOCIATES . COMPANY 21st LAZL-AI- 52642 CASTLE Int VO. 2 Mol Louis It Tanna Slier 144 N alo to Town Lnd Fin Cbt hh gda Remodel $400. Don V Cook Job: 1380 Siesta Kesksick; Storage Shed $306,000. LDS Church 7th & 8th Dr, B. INC. COMPANY, III LV MINING COMPANY H Wards Job: 4270 West 5900 South, Kearns, B. Daniel A Loewen Const I VC. CREEK Oabhitai 87 W Fin; hhgda Town Lnd $600. George Malouf Job: 3650 So B. Gawan Const Co; Comm 52639 CITIZENS rlXVKSHARES, JVC. 52640 RESOURCES CiCOWRV, INCORPORATED 52641 Diana h CABLE METAL to State, LOOKING GLASS, INCORPORATED, STEREO CITY, I VC. NEW W, St S. L County Building Permits T.-n'- ALLIED RLSPIRAVRY CARL M. F. PAGE AND ASSOCIATES l LI CTRIC - 212912 , it Co 212910 - Dorothy I Buffington 3 5th E, Apt 42, alo to Central Fin Co; hh gds 351-'it- , 999 S Equipt i'., JVCORPORATLD LEASE Tt States Welding slo to General KLeotrlo Redwood Rd, i; Lynn A. ay ton, St., Cadet,, U Kxi; Gefiatd H. Baa Bos Si'da. , SIC . , Utah Clyde L. Uiieeti, 595 y. 1510 Sc., SLC., Utah Haiimo.fi D. UcAlil , 298 Sc. Mai;;, Co dan Cite, UMl: r. Rotund V. Ardeuc,-- 1354 Sc. 1175 John I. Kastele.n Jn., 5S 99 SMM, si.C,, UUxh Zi.cl;,v.d H.xi.Lii., 129 Sc. M.iu:, SI. Ufa' tlalri Ch.fi.i f .v s ,';i , 1451 An. i; dice At.-.M'., Ilf Condon S tin Ct;ui , ihinfiic-.vUtah , Cacid A. Hu tci on , Head Y' ...... , n ;;t RenditC N. 'Irtlvjf, ISO L. S;-Cvh S!C., Wctdc.i PzincA, 1025 L. 21 So., SIC., l,f-- T T A . United 212906 P.onrlo E. , 958 E. Miff birch Wan, hcuuti uC James E. FanSt, 922 Keanus Bid. ., SLC., Utan No. Tcm:Cc, SLC., Utah Ocnafd R. ,M aneA, 2040 G. Stain Bnadshac, 6s So. .ain, SLC., Utah JVC. Jeasle I Feeney 5525 In, Murray to FRA Western Region J Boat, Mtr, TTlr FCU SLC., Utah Dn., SLC., Utah Whi-ting- 6 RENTAL, JVC. 52623 SCNVEVILLt SALT FLATS CO. 52624 COMPUTER HUS JVCORI'CRATLV TRI-STA- 1501 So. Main, , 39 42 Otiven - 212905 Willow L. Cnaig Simnn, Chas. E. Bnadond, Corp; PROPERTIES, INC. Comm Ferrel R $20,000. Ernest M $27,000. Davis Job: 1808 West 3500 South, Granger, B. Same Comm mm on $1,500. 182-1- 86 Bell; Moral Obligations Deduct Traffic Fines? While hurrying la butinere appointment. you ere lirened to the curb by a traffic officer and given ticket for speeding. Could you deduct the amount of the fine on your next income tax return as a business expense"? No. The law does allow you to deduct the ordinary and neces sary" expenses of doing business. Bui as a mailer of public policy, courts usually will nol recognize lawbreaking as ordinary and necessary. For if such deductions were allowed, the law would be impoa-in- g penalty with one hand and taking the sting" out of the pen-sh-y with the other. However, a violation of law bemight involve other expenses, sides the fine itself, that would be No public policy is offended," said the court, when a man faced with serious criminal charges employs a lawyer to help in his defense. It is his constitutional right." Suppose you spend money on something which, while not strictly illegal, is still unethical. Consider this situation: A manufacturer paid secret kick-bacto certain purchasing agents, in return for their giving preference to his products. Later, he tried to deduct these payments as business expenses. But the court said such payments were not deductible even if they were within the letter of the law. Finding no evidence that kickbacks perfectly legitimate deductions. Thus: Aa American Bar Amodation pnbUc 1969 Harolds partner lay dying. "Make me one last promise," he whispered to Harold. "My wife doesnt know a thing about business. Will you keep an eye on her affairs after I am gone?" Solemnly, Harold promised. But a few months afterward, he informed the widow that he no long A businessman was found guilty of mail fraud. On his next tax return, he claimed a deduction for the legal expenses he had incurred in defending himself. Tax officiate objected to the deduction, saying he never would have had those expenses if he had not broken the law in the first place. But the court felt otherwise, and allowed the deduction to be taken. er had the lime to help her. Left on her own, she soon made some cosily blunders. Blaming her woes on Harold, she filed a damage suit against him for breaking the promise he had made to her dying husband. But the court held Harold not liable, since the promise he had d hence made was strictly not a legally binding contract. The judge uid promises of this kind were common in this particular line of business, the judge said: "The mores of the market place of this nation (are) not such that kickbacks, while they do occur, are an ordinary means of securing or "create bare moral obligations, binding only on the conscience." promoting business. reiric. Aa Americas Bar Amociatioti feahrea by Win Bernard. & East 4050 South, Int Comm Sons Job: B. Lee Remodel $23,000. Gam G Christensen Const Job: 2665 East 3620 South, B. Same; Res wRough Bsmt, Att Dbl This is a general rule, that moral obligations are not enforceable in a court of law. It is bared on tha practical difficulties of measuring such intangible qualities as honor and duty and love. Nevertheless, there is a natural reluctance on the part of the courts to let the breaker of a promise "get away with it" if that can fairly be avoided. For this reason a promise will usually be enforced if there is, in addition to the moral obligation, some semblance of a legal obligation to back it up. In one care a furniture manufacturer, unable to collect for some tables sold to a store, was reluctant to take legal action against his customer. He wailed so long, in fact, that his claim was finally barred by the statute of limitations. But not long afterward the cus- Gar $15,000. Bud McDonald Job: 4265 Emigration Canyon, B. Mtn States Inst; Res $2,000. Truckers Sierra Job: 4205 W, B. Cont Const Co; Comm So 200 Interior Remodel $1,500. A Duane Marler Job: 3767 Brockbank Drive, B. W A K Const Co; Addin L Room $25,000. Garth Craft Job: 2453 E 3750 So, B. Egan & Assoc; Res wit! Prtl Fin Bsmt, Att Dbl Gar tomer himself, in a repentant mood, made a promise to pay off the old debt. Could the manufacture enforce this promise? A court ruled that he could in- $1,600. Elizabeth A Gruff Job: 359 Mansfield Ave, B. Gar deed, because it was based not only on a moral obligation but on an original legal obligation as well Even though the legal obligation had been barred by the statute of limitations, the court uid it was enough of an extra" to justify making the customer live up to his promise. J Gruf; $14,000. Valley Center Bldg Job: 4784 So 3640 West.B. Sane with Rough Bsmt ; Res $2,600. Verl W Stark Job: 1055 Millcreek Way, B. Floyd Nunley; Res Addn public service feature by Will Bernard. $1,500. L DeLeuw Job: 3805 South R Aase Const Co; 610 West, B. New Roof Bid- Dartmn,s Henderson P L wit! Co 1969 American Bar Asaocialion American Bar Association Feder Job: 4998 So Springsun Dr, B. Same; Res Rough Bsmt $600. Albertson Inc Job: 3500 So 4000 West, B. Image Natl A Inc; Elec Sign Results No. Training School $3,400. Albertson Inc Job: 3500 South 4000 West, B. Image Natl Rf5J Inc; Elec Sign Only $8,000. Albertsons Inc Job: 3500 South 4000 West, B. Image Natl Inc; Comm Elec Sign Only $450. Leonard E Will Job: 3450 South 11th East, B. Same; Carport $13,500. M Kenneth White Job: 10513 South Gadatia Circle, B. Same; Res wRough Bsmt $2,000. Artie Circle Job: 3918 South Highland Dr, B. Same; Comm Remodel Department: Rod ComIibIM Req. No. tff2IS! Dos f2ft Drive-in- n $13,000. Cont Rlty & $15,000. Cont Rlty & Const Co Const Co Const Co Const Co 2902 South 3145 West, B. Same; Res wRough Bsmt Job: Job: 2982 So 3145 West, B. Same; Rea wRough Bsmt $13,000. Cont Rlty : Job: Rea wRough Bsmt $13,000. Cont Rlty Job: Res t I I & 2914 So 3145 West, B. Same; & 2892 So 3145 West, B. Same; I |