[Download] "In Re Tax Appeal Of Island Holidays" by Hawaii Supreme Court # Book PDF Kindle ePub Free
eBook details
- Title: In Re Tax Appeal Of Island Holidays
- Author : Hawaii Supreme Court
- Release Date : January 12, 1978
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 63 KB
Description
All of the parties to the joint venture agreement are corporations. The joint venture agreement was entered into in 1970 for a term of 75 years, and provided for the financing, construction and operation of the hotel by the joint venture, which was therein called the "Enterprise". Each of the parties to the joint venture, including Appellant, was required to contribute stated portions of the initial capital of $3,250,000, of which Appellant's share was $865,000, and to provide additional capital as required in stated percentages, which in the case of Appellant was 25%. The joint venture agreement allocated various responsibilities among the parties. In the case of Appellant (referred to in the agreement as "Island") the joint venture agreement contained the following provisions upon which this appeal turns:
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