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TOLLIUS v. DUTCH INNS OF AMERICA, INC.

No. 69-1011.

244 So.2d 467 (1970)

Gosta TOLLIUS, Appellant, v. DUTCH INNS OF AMERICA, INC., Alan B. Kessler, Jerome H. Weinkle and Liveco, Inc., Appellees.

District Court of Appeal of Florida, Third District.

Rehearing Denied December 14, 1970.

Attorney(s) appearing for the Case

Hall & Hedrick, Miami, and Michael D. Martin, Lakeland, for appellant.

Shutts & Bowen, and Herbert L. Nadeau, McCarthy, Steel, Hector & Davis, and William B. Killian, Miami, for appellees.

Before CHARLES CARROLL, BARKDULL and HENDRY, JJ.

PER CURIAM.

Some time prior to 1960, the appellant was the owner of an unimproved parcel of land in Dade County, Florida. On September 20, 1960, he leased same to Causeway, Inc., for 99 years. He advanced money to the corporation and received 20% of the capital stock thereof, the balance of the stock being owned by the appellees, Weinkle and Kessler. Thereafter, he loaned the lessee corporation an additional $25,000.00. A construction mortgage was arranged from a...

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