Cannon v. Huhndorf

— For the first time in his young life, William Cannon, Jr., at the age of 21 years, essayed the role of entrepreneur. With boundless confidence in his ability gained through not more than two years in construction work and some ideas and plans, he set out to develop a building project involving 14 duplex residences on a 14 lot tract. Without credit, broke, and in the throes of a divorce action, he had no corporeal assets to bring to the project. Financing was the big obstacle; he lacked money. He had, with the help of an architect, designed a duplex dwelling house called the 104-A as a…