(DOWNLOAD) "Rossi v. Stewart" by Arizona Supreme Court * eBook PDF Kindle ePub Free
eBook details
- Title: Rossi v. Stewart
- Author : Arizona Supreme Court
- Release Date : January 27, 1961
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 50 KB
Description
Catherine Rossi, the appellant, sued Floyd Stewart and Hazel Stewart, his wife, the appellees, seeking to recover the profits of a land sale made by the Stewarts. The basis of Catherine Rossis action, according to the allegations of her complaint, was an oral agreement entered into between her and Floyd Stewart in Phoenix, Arizona, on or about June 1, 1953. Rossi alleged that she discovered a piece of real estate in Phoenix that could be purchased for a bargain figure of $9500 on good terms; that she had no funds, but persuaded Stewart to advance her $2,000 for the down payment. She further claimed that Stewart orally agreed that he and his wife would buy the property in their names and hold it until such time as she repaid the $2000 loan, or in the event the property was sold by the Stewarts, that they would account to her for any proceeds realized from the sale, less the amount of the loan. On October 19, 1955, the Stewarts sold the property for the net sum of $42,905.19.