Stever v. Torrent

Defendants, Torrent and Petrie, became interested in a land deal, wherein the former, upon information furnished by the latter, purchased, for $769,000, certain tracts of pine timber, under an arrangement that Petrie was to have a share of the profits. Effect was given to this arrangement in- a suit between them, reported in 88 Mich. 43. All of the tracts were sold, except one, called the “ Kalkaska Tract,” leaving the profits — to a *69portion of which Petrie was entitled — to be made from the disposition of this parcel. A contract was made between Torrent and a concern called the Smith Lumber…