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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Bjorklund v. Bjorklund Trucking, Inc., 753 N.W.2d 312 (2008)

Citation
Bjorklund v. Bjorklund Trucking, Inc., 753 N.W.2d 312 (2008)
Parent Document
Bjorklund v. Bjorklund Trucking, Inc., 753 N.W.2d 312 (2008)
Jurisdiction
Minnesota (state)
Effective Date
2008-07-22

Other Sections in This Document (54)

Full Text

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According to BTI, the annual payments, which equaled the amount of money that Bjorklund had been earning as an annual salary from BTI, were made at Bjork-lund’s request to cover his living expenses after he withdrew from management and ownership of BTI, and the payments were to end when Bjorklund began to receive pension benefits from BTI. BTI also asserts that Bjorklund agreed that, when the payments ended, he would transfer title of the properties occupied by BTI in Scott and Wright Counties to BTI. BTI asserts that it agreed to characterize the payments as rent so that Bjorklund’s social-security entitlement would not be affected. But BTI considered the payments to be for purchase of the property, even though the amount of the payment was not related to the lands’ values.