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Business Organizations Keyed to Macey
Roach v. Mead
Citation:722 P.2d 1229 (1986)
Mead, defendant’s former law partner, first represented plaintiff in December 1974 on a traffic charge and later represented plaintiff on several occasions. On November 1, 1979, Mead and defendant formed a law partnership. In June 1980, plaintiff sold his meter repair business for $50,000 and asked for Mead’s advice on investing the proceeds. Mead told plaintiff that he would take the money at 15 percent, which plaintiff let him have it. Plaintiff considered Mead’s advice to be legal advice. On May 1, 1981, Mead requested a $1,500 loan, telling plaintiff he was in financial trouble but had big money coming in. Plaintiff agreed to the loan. Mead did not repay any money. Plaintiff sued defendant’s partnership for negligence.
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