Vogel v. Bankers Building Corp.

Defendant Berk has been engaged in the real estate business in Los Angeles for many years. Plaintiff Vogel was a manufacturer of ladies’ suits and coats. These men, prior to the events leading up to this litigation, were neighbors. Vogel told Berk that he had “a little money lying around” and “he would like very much to be given an opportunity” to put some money in one of his real estate deals. Berk assured him he would be given such opportunity.

Thereafter, “around July, 1945,” Berk learned that the 99-year leasehold covering the “Bankers Building” on Hill Street in Los Angeles was for sale.…