Traiman v. Rappaport

WOOLLEY, Circuit Judge.

Tn Ocean City, New Jersey, a land boom oru -^-n auction sale of lots was advertised to be conducted by a real estate comP™y o£ wbieb tbe defendant was president and active broker. Prior to the sale the plainhÍS ftory’ *p(m defendant for information as to the desirabillty of the properties and protection in case he should buy, but really, the defendant said, to obtain a division of the commissions on any sale of properties- to his friend Yellin. However that may be, both parties, long familiar with the business of selling and buying real estate, knew what they were…