08-23-2012, 07:13 AM
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Backdraft Racing Dealer
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Join Date: Dec 2004
Location: North Haven,
CT
Cobra Make, Engine: Backdraft Racing
Posts: 5,124
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Not Ranked
Quote:
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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.
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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.
Last edited by Cashburn; 08-23-2012 at 07:45 AM..
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