Property Law Keyed to Singer
Meinhard v. Salmon
ProfessorTodd Berman
CaseCast™ – "What you need to know"
Facts
Walter J. Salmon (Defendant) entered into a lease for a hotel. Defendant, while in course of treaty with the lessor as to the execution of the lease, was in course of treaty with Meinhard (Plaintiff), for the necessary funds. Plaintiff and Defendant were involved in a joint venture in regards to the property, for better or worse. Defendant was the manager of the property. Near the end of the lease, Elbridge Gerry became the owner of the reversion, and he approached Defendant. The tow entered into a new lease, which is owned and controlled by Defendant. Defendant did not tell Plaintiff about it. When Plaintiff found out about the new lease, he demanded that the lease be held in trust as an asset of the venture between Defendant and Plaintiff, which Defendant refused.
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