Pierpont v. Lanphere

The material question presented for determination is whether the arrangement between Lanphere and appellant created as between themselves a partnership, in the land. The bill alleges that the parties entered into an oral agreement whereby they became equal partners in the profits to be derived from the purchase and resale of certain real estate. It is charged that appellant was induced to make the arrangement by false representations of Lanphere that he had arranged to resell most of the property; that it was practically all sold, and that a large profit could be made from the purchase.…