An individual following the cash method for the recognition of interest income received interest represented by interest coupons on the due dates. "On the due date ... the obligation to pay vested subject only to the 'presentation and surrender of the ... interest coupons'. Hence the presentation and surrender of the coupons was a condition precedent to the obligation to pay ... but the appellant having the coupons could readily present and surrender them and thereby satisfy the condition precedent."
Topics and taglines
Tagline
interest coupons required to be presented
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
332975
Extra import data
{
"field_legacy_header": "<strong><em>Hall v. MNR</em></strong>, 70 DTC 6333, [1970] CTC 510 (Ex Ct) <strong>[interest coupons required to be presented]</strong>",
"field_override_history": false,
"field_sid": "",
"field_topic_category": ""
}
"field_legacy_header": "<strong><em>Hall v. MNR</em></strong>, 70 DTC 6333, [1970] CTC 510 (Ex Ct) <strong>[interest coupons required to be presented]</strong>",
"field_override_history": false,
"field_sid": "",
"field_topic_category": ""
}