Patzke v. Chesapeake & Ohio Railway Co.

How later courts describe this case

• same result where completed customer contracts, or accounts receivable, were sold by a cash-basis corporation under Section 337
• Commissioner empowered under section 446(b) of the Code to impose percentage-of-completion accounting method on corporation which assigned uncompleted construction contract even though profitability of contract at time of assignment was uncertain
• statute of limitations at issue in a private anti-trust action