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Old 08-23-2012, 07:13 AM
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Cashburn Cashburn is offline
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Location: North Haven, CT
Cobra Make, Engine: Backdraft Racing
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Family members, parent and subsidiary companies, and others with potential conflicts of interest, can still create arm’s-length transactions. However, these types of parties need to show that the transaction was conducted the same as it would have been with a stranger. One way to do this is to hire an independent appraiser or business valuator to value the transaction, and then use the value created by the appraiser or business valuator.
Customer and market clearly establishes this value. Yeah, I've got plenty of money in lawyers... Besides an arms length transaction would be an issue between family members. So it's really a Mucky interpretation of an unrelated term.

OP is Steve and we are in contact on all items. I believe he just wanted to get a feel for how many items can present themselves on these cars.
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Last edited by Cashburn; 08-23-2012 at 07:45 AM..
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