The plaintiffs and defendants, former friends, invested in real estate together.
The plaintiffs claimed a 50% beneficial interest in a property registered solely in the defendants' names, based on an oral agreement and a $69,000 contribution.
The court found the oral agreement enforceable due to part performance, overcoming the Statute of Frauds, and ordered the property sold and proceeds divided.
The court also dismissed the plaintiffs' libel claim regarding false accusations of criminal conduct, finding the publication was de minimis and caused no actual harm.
The action was held to be within the 10-year limitation period under the Real Property Limitations Act.