Feld v. Kantrowitz

On March 19th, 1925, the owners of a small office building in the city of Passaic contracted, in writing, to sell the same to defendant Kantrowitz for the sum of $206,500. The complainant, together with Kantrowitz, one Weinberger, and three others, had previously, or at the time, entered into an agreement to purchase the property, and pursuant thereto the contract mentioned had been taken in Kantrowitz's name. Each of the beneficial owners was to pay one-sixth of the purchase price and incidental expenses, and each was to become the owner of an undivided one-sixth interest. Subsequently, on…