Word: payments
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Dates: during 1970-1979
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...Artmobiles" equipped to carry shows all over the U.S. The American branch of Fiat was to give these to the Met as a public relations gesture. Though the Met officially denies it, sources within its staff believe that the gift of the buses was to be treated as part payment for the works of art. Then Agnelli - so the story goes - went cold on the paintings, fearing that the sale would be used for propaganda in the labor disputes that almost paralyzed the Fiat plant last fall. Neither he nor Marlborough told Hoving this; so Hoving went on believing that...
...narrowly legalistic defenses. When the Supreme Court was considering repossession laws, one lawyer argued that the customer had no property rights since he had defaulted on his contract; Justice Potter Stewart dryly brushed the sophistry aside by observing that the physical possession of the goods by virtue of partial payment of the price and the interest certainly represented "significant property...
Hazens Food Shop closed in late January when three civil suits filed against shop owner Douglas W. Hayward and Hazens Food Shop, Inc. were pending in Middlesex Superior Court. The cases, still unresolved, seek payment for unpaid bills totalling...
...Teamsters in the summer of 1971, throwing his support to sleepy, sluggish Frank Fitzsimmons. Fitz handily won the election at the Teamsters convention in Miami Beach that same summer, and Hoffa became "General President Emeritus" for life, with a consoling pension that he quickly converted into a lump-sum payment worth some $1.7 million...
...Free. Corporations are also trying to evade the restrictions on currency exports. Larger and more complex transactions by companies involve paying excessive prices for imported goods, then having the surplus payment deposited in a Swiss bank, tax free. Inversely, companies may sell exports for less than their value. The foreign buyers deposit the difference to the credit of the exporters. Another variation is selling commodities abroad and getting paid through hard-to-trace foreign subsidiaries. The profits thus squirreled away may be reinvested to earn interest while avoiding French taxes...