Lee v. Stratford Arms Hotel Co.

This case involves the validity of several contracts signed by plaintiff in and about the financing and construction of the Stratford Arms hotel in the city of Detroit. Plaintiff is 68 years of age, an attorney of 40 years’ standing, but since 1911 engaged in the real estate business in the city of Detroit. In March, 1928, he conceived the idea that an apartment hotel at the southeast corner of Park boulevard and Sproat street in the city of Detroit would prove a good investment, and figured the cost of an eight-story building at about $400,000. With this in mind he made an offer to Jennie H.…