Court of Appeals for the Third Circuit October 31, 1978, 78-1031 (Sunbury Textile Mills, Inc. v. Commissioner of Internal Revenue)

OPINION OF THE COURT

ALDISERT, Circuit Judge.

The question presented in this appeal by the taxpayer, Sunbury Textile Mills, Inc., is whether the Tax Court properly interpreted a contract between Sunbury, a small textile producer in northern Pennsylvania, and Crompton & Knowles Corp. (C&K), a manufacturer of weaving machines.

In March 1969, Sunbury contracted to purchase 72 looms from C&K.