Neville v. Gifford

The defendants Gifford and Leon purchased a large tract of land, situate at Worcester Highlands, intending to dispose of it in house lots. The title was conveyed to them as trustees under an “Agreement and Declaration of The Real Estate Investment Association.” Gifford furnished the money, desiring to assist Leon; and these two were the only holders of shares in the association at the time of the transactions here considered. The plaintiff was employed in August, 1909,. as local manager and superintendent of sales, the contract being reduced to writing later and dated January 1,1910. These…