Yeaney v. Keck

Citations

• 183 Pa. 532
• 38 A. 1041
• 1898 Pa. LEXIS 1075

Syllabus

<p>[Marked to be reported.]</p> <p>Equity — Fraud—Tenants in common — Accounting.</p> <p>A person having an option to purchase land for $15,000 represented to certain others that the option was for $21,000, and at his request they joined him in the purchase, and the deed for the land was made to the person having the option and his associates as tenants in common. Each of the associates paid his share of the $2-1,000 to the owner of the option, but he paid to the vendor only $15,000. Held, that the owner of the option was liable to his associates for their respective proportions of the secret profits which he had made off them, and that a court of equity had the power to compel him to account to them.</p>