Hetos Investments, Ltd. v. Kurtin

Opinion

MOORE, J.

After a real estate transaction went awry, the parties thereto, represented by separate counsel, entered into a settlement agreement. Later, one of the parties agreed to advance settlement monies to another of the parties, but did not want to incur legal fees in connection with the documentation of the loan. Consequently, the borrower asked his law firm to prepare a promissory note documenting the terms to which he and the lender had already agreed. The law firm did so and sent the document directly to the borrower. The borrower and the lender themselves then negotiated an…