Case ID: 285086
Solution ID: 660

Burnet vs Logan Case Solution

Case Solution

The citizen offered mining company stocks and ended up being to be compensated royalty as ore was removed in the corporation's mine. Since the factual problems with whether ore could be removed and, if that's the case, just how much so when were so indeterminate, a legal court held the contract to royalty obligations couldn't be valued. There is no "realization." Recognition could be postponed until obligations were really received.


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