Posner v. Tassely

originally owned by Tassely (Vacant Lot), and a separate house purchased by Consulting and Holding, LLC (Branding Iron). After concluding that he needed to sell property to keep Montecito, Tassely and Mr. Posner entered into a general agreement (Initial Agreement) prepared by or at the direction of Mr. Posner for that purpose. The day after Tassely executed the agreement, Mr. Posner signed it, but only after inserting handwritten notes that purported to include Tassely's equity interest in Montecito. Mr. Posner and Tassely subsequently engaged in a series of transactions related to Vacant…