Sultan v. Central Life Insurance

For some time prior to the facts hereinafter related, the Louis Sultan Chevrolet Company, a corporation, had been purchasing a parcel of real estate located on Grand River avenue in the city of Detroit from the Gemmer Manufacturing Company. The Chevrolet Company was engaged in the automobile sales business and Louis Sultan, one of the plaintiffs herein who conducted the affairs of said company, desired to erect a modern building on the premises to be used for this purpose.

In 1936, he contacted one William Hordes, an agent of defendant in Detroit, to determine if he might secure a loan with…