First Wisconsin Trust Co. v. Adams

The recitals in the orders appealed from are in the nature of findings of fact. It appears that the Messrs. Adams and Louis J. Petit entered into an agreement under which the Adamses were to erect, on premises owned by Petit, a forty-apartment building. They were “to suitably equip and furnish said building for apartment residence purposes.” Petit agreed to advance $200,000 for the erection and equipment of said building, exclusive of the cost of the plans, specifications, or architect’s fees, and agreed to sell the lot to the Adamses for the purchase price of $20,000, making the total…