- 51 -
A Yes. I believe the venture loaned us some
money to make the payments.
Q So you are saying the venture loaned you
the money to put the down payment and also
loaned you the money to make the payments
on the dues. Is that correct?
A That is my recollection.
Q And did you ever pay any of that money back
to the joint venture?
A No.
The record of these cases contains no documentary evidence
of indebtedness of the joint venture to Mr. Dixon or to
petitioner for the payment of annual dues.
During his testimony at trial, petitioner could not
say for certain whether he had paid the annual dues from
his own funds or whether he had received that amount from
the joint venture. Petitioner's testimony on this issue
is as follows:
Q Did you pay those dues with your own
money or did you borrow that from the
venture?
A I thought I paid with my own money.
I heard Mr. Dixon testify that he
borrowed it from the venture, and I
would assume if he did, I did. But
I don't remember it that way. I can't
swear either way. I don't think we
borrowed it from the venture.
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