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Bowman v. Saltsman

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eBook details

  • Title: Bowman v. Saltsman
  • Author : Florida Court of Appeals
  • Release Date : January 02, 1999
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 49 KB

Description

Appeal from the Circuit Court for Hernando County, Jack Springstead, Judge. Bowman desired an easement across property belonging to Saltsman. Saltsman would not convey an easement but agreed to sell the entire parcel to Bowman if the deal could be arranged as a tax free exchange. Therefore, the parties entered into an agreement under which Bowman would pay $425,000 for the desired property but instead of paying it directly to Saltsman he would deliver the money to a trustee who would purchase property desired by Saltsman and, when all the money had been paid and the exchange property had been acquired, Bowman would get legal title 1 to the land he sought and Saltsman would end up with the property he desired with no tax consequence.


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