FRANK ROMANO vs STATE OF FLORIDA

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that because the parties that entered into the transaction had “separate and real corporate personality” and “engaged in certain objective acts with the intent of creating legal rights and duties” the transaction had a business purpose
• holding that because the parties that entered into the transaction had “separate and real corporate personality” and “engaged in certain objective acts with the intent of creating legal rights and duties” the transaction had a business purpose
• noting that an “unconditional obliga- -37- [ ] tion” to pay interest and principal are “necessary features of instruments of indebtedness”
• suggesting that an \unconditional obligation\ to pay interest and principal are \necessary features of instruments of indebtedness\
• suggesting that an \unconditional obligation\ to pay principal and interest is a \necessary feature[] of indebtedness\
• noting that an arrangement is subject to “close scrutiny by the Commissioner” where it is “made between a parent corporation and its wholly-owned subsidiary”

Source: CourtListener parenthetical corpus (CC0).