Aircraft Ownership : A Legal and Tax Guide - download pdf or read online

By Raymond Speciale

ISBN-10: 0071407642

ISBN-13: 9780071407649

ISBN-10: 0071434003

ISBN-13: 9780071434003

* deals ''how to'' info and options to the commonest felony and tax matters dealing with basic aviation airplane owners--in layman's phrases

* circulation charts, diagrams, and criminal case briefs offer actual global situations of every dialogue

* CD-ROM includes downloadable types, agreements, and checklists

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The remaining $3,500 was to be paid later in cash or through its equivalent in aircraft instrument instruction which Hemmer was to give to Bowman. Hemmer requested a bill of sale signed by both partners to protect himself, and to comply with the Federal Aviation Administration requirements for the transfer of an aircraft. ” Hemmer, the buyer, testified numerous times that he was to be the owner when he received the bill of sale. This was to allow the buyer to comply with the Federal Aviation Administration requirements and make arrangements for insurance prior to the time he was to become the owner.

Click here for Terms of Use. 32 Buying or Selling an Aircraft Formation and liability As an aircraft purchaser, all you will need is a bill of sale transferring legal title to the aircraft to your name. The registration certificate you receive from the FAA will carry your name and designated address. Along with the simplicity of this arrangement, there are also some disadvantages. If you are like most aircraft owners and potential aircraft owners, you may have concerns about possible legal liability if an aircraft you own is involved in an incident or accident injuring persons or property.

Illegally repaired nose gear truss. The plane was then flown, again by special ferry permit, to Kerrville, Texas, where it was inspected by Charles Dugosh, an expert in the construction of Mooney airplanes. He found many defects in the fuselage bottom, the wings, the fuselage, the nose gear truss and the stabilizer. Both Dugosh and Richard Carley, the mechanic who inspected the airplane in Iowa, testified that many of these defects would be observable on a normal annual inspection. At some point after the defects were discovered, Vining telephoned Eugene and told him of the problems with the airplane.

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Aircraft Ownership : A Legal and Tax Guide by Raymond Speciale

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