Joshua Tree Townsite Co. v. Joshua Tree Land Co.

Defendant Joshua Tree Land Company, a corporation, owned several tracts of land in a desert community known as “Joshua Tree,” near “Twenty-nine Palms.” One of these tracts, No. 2556, had been developed by defendant and subdivided and partially provided with water furnished by defendant through its system of pipes. A few lots were sold but the development was not an entire success. In 1942, one Bunker, a real estate sales promoter, orally agreed with defendant company to sell the property for defendant under a “60-40” agreement. The sales increased, and in February, 1943, the parties entered…