City Bank & Trust Co. v. Kwaske Bros. Construction Co.

In October, 1972, Honey Brook Co., Inc., and Kwaske Brothers Construction Co., Inc., entered into two contracts for the construction of the Oakbrook Village Townhouse Project. At about the same time, the same parties formed a joint venture for the purposes of financing the Oakbrook project beyond the available mortgage financing. An estimated $100,000 was needed. The parties were to make equal contributions but Kwaske was not to be required to contribute more than $50,000.

In a complaint (non sub judice), dated December 20, 1974, filed in Ingham County Circuit Court, Honey Brook charged Kwaske…