Gangadean v. Flori Investment Company

HAYS, Justice.

This cause is before us on a petition to review a decision of the Court of Appeals, Division One, Gangadean v. Flori Investment Co., 11 Ariz.App. 512, 466 P.2d 63 (1970), which affirmed a judgment for the plaintiff in the Superior Court of Maricopa County. The opinion of the Court of Appeals is vacated.

In September, 1964, the defendants applied for a $100,000.00 loan from the plaintiff. Negotiations were had between William Keim, secretary of the plaintiff, and defendant Deonarine W. Gangadean. The loan was granted to defendant Dewan’s Beauty Products Co., Inc. (hereinafter…