Estate of Morton B. Harper, Deceased, Michael A. Harper, Executor - Page 36

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               A    I don’t know what you mean by “regularly.”                        
               Q    Were they made as provided for in the partnership                 
               A    To the best of my ability, yes.                                   
               Q    Were you aware that the partnership agreement                     
               called for them to be paid quarterly?                                  
               A    Not specifically, no.                                             
               Q    You recall how often you made guaranteed payments                 
               to him?                                                                
               A    I took the approach that I would look at                          
               receivables, and distributions were entirely within my                 
               control, and if the dollars were sitting there, I would                
               possibly make distributions.  It could have been as                    
               often as monthly; I don’t recall, as I sit here.                       
               Q    How did you compute the amount of the guaranteed                  
               A    I don’t understand.  What do you mean, how did I                  
               compute it?                                                            
               Q    How did--how did you compute the amounts that you                 
               paid?  Did you compute them?  I mean, they were 4.25                   
               percent of the portfolio, right?                                       
               A    Oh, I don’t know if I did it--                                    
               Q    Of the capital--I’m sorry; I stand corrected.  The                
               capital account.  They were supposed to be 4.25 percent                
               of the capital account.                                                
               A    That’s my--that’s my understanding, yes.                          
               Q    Did you make computations when you made those                     
               guaranteed payments?                                                   
               A    It seems to me I did, yes.                                        
               Q    Did you do them in writing?                                       
               A    Well, I did them, and then I asked the accountant                 
               to double-check me on all of them--                                    

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