- 21 - On March 3, 1981, Kenmore paid $3,000 to Eggertsville Inn, which Gleave owned. This payment was not for any benefit to or purpose of Kenmore, but rather was for Gleave’s benefit. On June 12, 1981, Gleave bought a new 18-foot boat from Zahno Marine, Inc.; this boat is hereinafter sometimes referred to as the Zahno boat. Gleave paid $8,099.70 for the Zahno boat, after a trade-in credit of $1,500. This transaction was not reflected in Kenmore’s Account, but Kenmore provided the money for Gleave to buy the Zahno boat. On July 31, 1981, Gleave registered the Zahno boat with the New York State Department of Motor Vehicles. On July 26, 1982, David T. Young, Gleave’s cousin, registered the Zahno boat with this same agency. See infra Bankruptcies. At some later date, Gleave traded the Zahno boat in for a second boat. At the time of the trial herein, Gleave still had the second boat, although it was by then registered in the name of a relative. 1981--Not Income to Gleave Checks numbered 585 ($3,000--Apr. 21, 1981), 643 ($3,500-- May 22, 1981), and 1039 ($8,549.92--Oct. 26, 1981) are not income to Gleave. On August 21, 1981, Kenmore issued a check to “cash” in the amount of $181.72. The check, or the proceeds, was given to Gleave in order to reimburse him for his expenditures for gasoline and tolls while driving one of Kenmore’s trucks.Page: Previous 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Next
Last modified: May 25, 2011