Thatcher v. Detroit Trust Co.

According to plaintiff’s declaration, the owners of property having a frontage on Michigan avenue, Shelby street and Lafayette avenue in the city of Detroit executed a lease in 1917 to a corporation known as the Michigan & Shelby Land Company. This corporation in turn executed a sublease at a higher rental to the Detroit Leasing Company, which, in turn, sublet the premises at a still higher rental to certain individuals who assigned this sublease to the Michigan Lafayette Building Company, a Michigan corporation, for a consideration of $160,000 and an undertaking hy the assignee to carry out…