Kewanee Industries, Inc. v. Reese

How courts have described this case

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

• concluding that the lease of coal drag-lines was in the ordinary course of business in part because “the leases were ongoing, recurring transactions constituting a regular or customary portion of Kewanee’s overall business”
• “Applying the transactional test, the evidence also supports the conclusion that the acquisition of tax benefits is normal, typical, and customary procedure of many business entities.”

Source: CourtListener parenthetical corpus (CC0).