Van Cleve v. Meyer

The complainant, Van Cleve, and his lawyer, Pedrick, engaged in a joint venture to buy and sell real estate. Van Cleve furnished the money and Pedrick managed the business. They bought and sold and made profits. Title to properties was taken in their joint names as tenants in common, Pedrick having persuaded Van Cleve that he could handle the properties to better advantage if he appeared to be one of the owners. At Pedrick's death there was but one worthwhile property undisposed of. Pedrick had mortgaged his apparent moiety to the defendant Meyers for $12,000. The bill charges that Pedrick…