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DECATUR VENTURES, LLC v. DANIEL

No. 06-3441.

485 F.3d 387 (2007)

DECATUR VENTURES, LLC, et al., Plaintiffs-Appellants, v. Kimberly DANIEL, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided May 4, 2007.

Attorney(s) appearing for the Case

Todd A. Richardson (argued), Peter S. French, Lewis & Kappes, Indianapolis, IN, for Plaintiffs-Appellants.

Neal F. Eggeson, Jr. (argued), Kopka, Pinkus, Dolin & Eads, Indianapolis, IN, for Defendant-Appellee.

Before EASTERBROOK, Chief Judge, and BAUER and WILLIAMS, Circuit Judges.

EASTERBROOK, Chief Judge.

Michael Stapleton made Trent Decatur a terrific offer: Stapleton would locate "under-valued" homes, arrange to borrow more than the actual purchase price, and use the surplus to fix up the properties so that they could be rented. All Decatur had to do was agree to repay the loans. Stapleton promised to supply the down payment, do the repairs, and locate the tenants. Decatur could put his feet up on the desk and wait for the rentals to roll...

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