Seitovitz v. Levin

The plaintiff and defendants were copartners in the ownership and operation of an apartment property in Detroit, known as the Stratford hotel. They were to share equally in'the expenses or losses and in any profits realized; and if the property was sold Seitovitz and London were each to receive $2,500, and the balance realized from any sale was to be divided equally among the three partners. The undertaking proved to be a losing venture. In February, 1922, Mr. and Mrs. Tepper offered to trade certain property interests for the Stratford hotel. There was a dispute in the testimony as to the…