The plaintiffs and defendants were part of a group of ten investors who purchased a property to improve and sell for profit.
Following the sale, a dispute arose over the distribution of the net proceeds.
The plaintiff claimed entitlement to three shares of the proceeds and compensation for lost rental income, while the defendants argued he was only entitled to one share, subject to a deduction for an unpaid promissory note.
The court found the plaintiff was entitled to a single one-tenth share, from which his debt under the promissory note was deducted, resulting in an award of $8,237.82.
The claims for additional shares and lost rental income were dismissed.
