Bregel v. Cooper

The appellee, Philip B. Cooper, had an option on a lot in Annapolis, which he intended to buy for the purpose of erecting thereon an apartment house. He had to raise the money to finance the operation and, through a mutual friend, was introduced to the appellant, Howard C. Bregel, a member of the Baltimore bar, who “accepted his application and in due course made application for Mr. Cooper and in behalf of Mr. Cooper to the Real Estate Trust for the loan.” Mr. Cooper owned a dwelling house at Wardour, near Annapolis, which he proposed to convert into several apartments. To finance both…