Chanler, a commercial real estate broker, negotiated with Robert ("Bob") Roberts to purchase and develop jointly four parcels of realty in New York and New Jersey. Roberts' majority interest in these properties (75% in properties located on Long Island, 50% of a parcel in Monroe County, and a two-thirds interest in a parcel in Hazlet, New Jersey) was to be memorialized in a written partnership agreement, and the property would be purchased by (or, if already purchased by...
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