[Download] "Piedmont Canteen Service Inc. v. Johnson" by Supreme Court of North Carolina No. 459 ~ Book PDF Kindle ePub Free

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eBook details

• Title: Piedmont Canteen Service Inc. v. Johnson
• Author : Supreme Court of North Carolina No. 459
• Release Date : January 12, 1962
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 68 KB

Description

By the terms of the lease agreement for use of the vending machines Piedmont was obligated to pay, and did pay, Automatic rental on three bases: (1) Initial rent, to cover Automatic's cost of placing machines in Piedmont's place of business; (2) period rent, for 65 company periods or five years to cover amortization of the cost of machines to Automatic; and (3) residual rent, a nominal rental charged by Automatic for use of machines more than five years old.

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