Saxon v. Howey

Milo Beardslee is a brother-in-law of defendant. They entered into the following agreement:

“Agreement made this 16th day of February, 1924, between Stephen H. Howey, of Detroit, of the one part and Milo Beardslee, of Detroit, of the other part. The said Milo Beardslee agrees to invest a sum of money in a building to be constructed by Stephen H. Howey, said Beardslee to receive for the use of said sum of money the share of the net profit that the amount invested bears to the total cost of house and lot, that is, if the-cost of house and lot is $6,000.00 and said Beardslee invests the sum of '…