J.J. Zand - Page 94

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          petitioner.  The facts indicate otherwise.  Not only did                    
          petitioner overtly state to GM that Diesel Power was not GM's               
          authorized representative, but his behavior also indicated the              
          same.  The record shows that petitioner was in control of                   
          negotiations concerning the amount of commissions and that he               
          earned those commissions by performing the work for them.  He or            
          one of his CTC employees also directed GM where to make                     
          commission payments.  Petitioner argues that, when the agreement            
          was first signed with GM, GM did not distinguish between CTC of             
          Iran and CTC of Ohio.  After Diesel Power was established, he               
          argues, no one thought to change it, and in fact Diesel Power was           
          GM's representative for the sale of locomotives.  He also                   
          contends that the Zand FNCB London account was a Diesel Power               
          account used for the receipt of commissions in pounds sterling              
          from, among others, GM.  This appears to be inconsistent with the           
          contemporaneous written material in evidence, to which we are               
          inclined to give greater weight.  The Zand FNCB London account              
          was in petitioner's name, and instructions came from CTC to                 
          deposit funds therein.  We also point out that Diana Khalatbari             
          in a note to CTC called this account "JJ's London account", not             
          "Diesel Power's account".  There also was ample evidence that               
          petitioner held himself out to GM as GM's representative,                   
          referring to CTC and Diesel Power employees as his "associates".            
          We also emphasize that, by the specific terms of the agreement              





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