TARGONSKI, J.
Louis H. Cheff and other individuals had formed the First National Mortgage Corporation approximately two to three years prior to May 14, 1969, the date of the transaction complained of in this case. At the time the defendant was serving as president of said corporation.
It was alleged at the trial that on May 4, 1967, the defendant offered Mr. Couet, the complainant, a purported first mortgage on the house and property located at 3049 East Outer...
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