The taxpayer sold the shares of mining companies and was to be paid royalties as ore has been extracted from the mines of the corporation. Since the actual questions on the ore will be extracted and, if so, how much and when they were so vague, the court held that the contract rights royalties can not be estimated. There was no "implementation." Recognition will be deferred until the payments were actually received. "Hide
by Henry B. Reiling Source: Harvard Business School 3 pages. Publication Date: December 27, 1984. Prod. #: 285086-PDF-ENG
