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:
“The best part of myself, that’s what you are. Do you think I’m going to leave it to the vulgar pawing of a second-rate detective who thinks you’re a “dame”? Do you think I could bear the thought of him holding you in his arms, kissing you, loving you?”
—Jay Dratler, U.S. screenwriter, Samuel Hoffenstein (1889–1947)
“Golf is a fine relief from the tensions of office, but we are a little tired of holding the bag.”
—Adlai Stevenson (1900–1965)
“Adolescence is a time when children are supposed to move away from parents who are holding firm and protective behind them. When the parents disconnect, the children have no base to move away from or return to. They aren’t ready to face the world alone. With divorce, adolescents feel abandoned, and they are outraged at that abandonment. They are angry at both parents for letting them down. Often they feel that their parents broke the rules and so now they can too.”
—Mary Pipher (20th century)