- 6 -
provided by H&B. H&B's drivers also needed to keep cash on
hand in case a tractor-trailer required repairs while away
from H&B's shop.
H&B required considerable quantities of cash to pur-
chase fuel on behalf of its customers. Fuel distributors
generally do not accept checks in payment for fuel unless
the purchaser is well known to the distributor. Therefore,
H&B was required to pay for the fuel it transported with
cash or cashier's checks. H&B would often use its own
funds to purchase the fuel it transported on behalf of its
customers. H&B would then receive reimbursement when it
delivered the fuel to the customer.
On several occasions during the years in issue, H&B
transported fuel for a company called Trans State Pavers,
Inc. (Trans State). Trans State was an unrelated corpora-
tion apparently owned by Mr. Bob White. H&B typically
purchased the fuel that it transported for Trans State from
Jordan Distributors. H&B generally used cashier's checks
to pay for the fuel it purchased from Jordan Distributors.
Trans State would then pay H&B's driver for the fuel by
giving the driver either cash or a cashier's check at the
time the driver delivered the fuel. The driver would give
the cash or cashier's check received from Trans State to
petitioner. In total, the amount of money petitioner
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011