Marina Apts., Inc. v. Bloch

MILLEDGE, STANLEY, Associate Judge.

The transaction, according to the appellants’ pleadings, is that in August, 1958, they entered into a written contract nominally with Robert F. Bloch, but actual*616ly with a partnership consisting of Jules Bloch, Lawrence J. Bloch and Robert F. Bloch, by which the latter were to construct for appellants on their land a 30-apartment building in consideration of the actual cost of the building without fees or overhead and the transfer of 30 shares of stock (out of a total of 100) in appellants’ corporation. The builders were to obtain a mortgage loan of $275,000…