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BROWN v. SCHADE

Nos. 86-1613, 86-1695.

506 So.2d 29 (1987)

James M. BROWN, Appellant, v. Robert A. SCHADE, Appellee.

District Court of Appeal of Florida, Third District.

Rehearing Denied May 19, 1987.

Attorney(s) appearing for the Case

Daniels & Hicks and Bambi G. Blum and Sam Daniels, Miami, for appellant.

Dieguez & Guintero and Anthony Dieguez, Hialeah, for appellee.

Before BASKIN, DANIEL S. PEARSON and FERGUSON, JJ.

BASKIN, Judge.

Robert Schade, one of the participants in a land development venture, sued James Brown, another participant, who had been named trustee in the "MEMORANDUM TRUST AGREEMENT" executed by the parties. The agreement states: "the undersigned have pooled their funds in the manner hereinafter specified for the purpose of investing jointly in parcels of real estate" and "James M. Brown has agreed, as a matter of convenience to the group, to receive and disburse...

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