DUFF v. UNITED STATES TRUST CO.


327 Mass. 17 (1951)

97 N.E.2d 189

JOHN M. DUFF & others vs. UNITED STATES TRUST COMPANY & others.

Supreme Judicial Court of Massachusetts, Middlesex.

February 9, 1951.


Attorney(s) appearing for the Case

J.M. Bashaw, (A.J. Slater with him,) for the plaintiffs.

J.M. Graham, for the defendant United States Trust Company.

Present: QUA, C.J., LUMMUS, WILKINS, SPALDING, & WILLIAMS, JJ.


LUMMUS, J.

The facts as reported by the master are substantially as follows. Shortly before August 21, 1947, Reidar L. Norstern and his wife, owning a tract of nearly thirteen acres in Wakefield, divided it into forty-seven house lots, on each of which they proposed to build a house. They negotiated with the defendant United States Trust Company, hereinafter called the bank. The bank agreed to lend the Norsterns $215,000, to be advanced as needed for the construction...

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