Holding
Gold Coast's deductions were proper, as its liability to members became fixed upon their accumulation of the minimum number of club points whether or not they chose to redeem them and because the amount of liability was known with reasonable certainty.
Read more about this topic: Gold Coast Hotel & Casino V. United States
Famous quotes containing the word holding:
“It was a close place. I took it up, and held it in my hand. I was trembling, because I’d got to decide, forever, betwixt two things, and I knowed it. I studied a minute, sort of holding my breath, and then says to myself: “All right, then, I’ll go to hell”—and tore it up.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“That big gun in your hand makes you look grown up—you think! I’ll bet you spend hours posing in front of a mirror holding it, trying to look tough!... You scum!”
—Richard Brooks (1912–1992)
“The growing of food and the growing of children are both vital to the family’s survival.... Who would dare make the judgment that holding your youngest baby on your lap is less important than weeding a few more yards in the maize field? Yet this is the judgment our society makes constantly. Production of autos, canned soup, advertising copy is important. Housework—cleaning, feeding, and caring—is unimportant.”
—Debbie Taylor (20th century)