By Raymond Speciale

* bargains ''how to'' details and strategies to the most typical criminal and tax matters dealing with basic aviation plane owners--in layman's phrases

* stream charts, diagrams, and felony case briefs supply genuine international eventualities of every dialogue

* CD-ROM comprises downloadable kinds, agreements, and checklists

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Extra info for Aircraft Ownership : A Legal and Tax Guide

Example text

Paul Fire & Marine Ins. , 183 Neb. 2d 865 (1968). There was substantial evidence from which the jury could have inferred that the seller had not completed physical delivery of the goods. The evidence shows that the buyer was only given limited use of the plane to make the trip to South Dakota. The buyer even asked the seller for permission to use the plane for this one trip. The seller had only granted a limited possession of the plane to the buyer, even though the buyer had possession of the plane for 3 days prior to the accident.

The UCC also provides for when title to an aircraft is actually transferred. Along with this comes guidance from the UCC on when you bear the risk for any loss related to the aircraft you are preparing to buy or sell. All of these rules tie in to the very important question of when you obtain an insurable interest in the aircraft you intend to buy or sell. These issues are discussed immediately below. Transfer of title and risk of loss. Transfer of title. The passing of aircraft title from the seller to the buyer can be accomplished in a number of ways.

A. license. Ateah was employed by Eugene Wood to inspect the airplane and was paid $35 for the two and one-half to three-hour inspection. Eugene flew the plane frequently after its return to service in 1974, taking his family with him on some trips and flying for distances of up to 1,200 miles. In late December of 1975, appellee James Vining was visiting Ryan Field and noticed the Mooney in Wood’s hangar. He spoke with an unidentified person who told him the Mooney would be for sale. That person told Vining that the plane had Buying and Selling an Aircraft 13 previously been damaged in a belly landing.

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