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524
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525
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1
526
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3
Ibid., par. 2, p. 2.
Ibid., par. 3, p. 2.
Ibid., par. 7, p. 3.
527
527
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7
Ibid., par. 9, to 4.
10
11
528
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13
529
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15
Ibid., p. 10.
16
Section 194(t).
17
530
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Ibid., p. 785.
19
94 SE 117 (1917).
20
531
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532
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533
takes title in his own name, and sells for his own account
at whatever price he may deem advisable. A commission
merchant differs from a broker in that he may buy or sell
in his own name without closing his principal, while the
broker can only buy or sell in the name of his principal
(Commissioner of Internal Revenue vs. Cadwallader Pacific
Company, supra).
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