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he owned 100 percent of East Lake Vista and that the property
consisted of 100 acres when, in fact, it consisted of 84 acres.
We do not agree that these purported inaccuracies cause the June
1, 1988, financial statement to lose its persuasive value. The
financial statement was prepared by or for petitioner, and
petitioner does not explain why those inaccuracies were reflected
on his financial statement, and why they invariably suggest that
he held no interest in East Lake Vista in 1988. At the very
least, the June 1, 1988, financial statement shows that
petitioner perceived himself to own at least some interest in
East Lake Vista in 1988 and that he intended other persons who
might rely on the financial statement to recognize that
ownership.
The road construction guaranty also indicates that
petitioner had an ownership interest in East Lake Vista.
Petitioner, Mr. Miles, and Dr. Gant executed the guaranty on
December 16, 1986, the same date as the sale of the 31.50 acres
of East Lake Vista to Mr. Pope. And, it specifically refers to a
contract for the sale of 31.50 acres that Mr. Miles and Mr. Pope
entered into on May 2, 1986. Petitioner argues that this
guaranty originated in petitioner’s “working relationship” with
Dr. Gant and did not arise from any ownership interest in the
property. However, petitioner did not present any evidence or
testimony to suggest that he was compensated for his real estate
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