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deal and that Parker was to find someone else to put up the
money. Parker had told Nathan that he wanted his daughters to
have a part of the Northgate Forest property deal.
Parker did not have sufficient credit or financial resources
to complete the purchase and proceed with the development of the
Northgate Forest property. Both prior to and after execution of
the earnest money contracts, Parker searched for investors to
contribute to such purchase and development.
The Joint Venture
J. Robert Bradish (Bradish) is an attorney licensed to
practice law in California. During the 1960's, Bradish
represented Parker. Parker contacted Bradish in his attempts to
find investors for the Northgate Forest property. Bradish
located Jack Thoner (Thoner), a potential investor. Bradish also
loaned Parker $70,000, $30,000 of which Parker used to reimburse
Nathan for Parker's bounced checks. Parker negotiated with
Thoner concerning a joint venture to develop the Northgate Forest
property. By "Joint Venture Agreement" (the joint venture
agreement) made between Bradish and Thoner on January 26, 1980,
Thoner and Bradish created a joint venture (the joint venture) to
acquire, subdivide, and otherwise deal with the Northgate Forest
property. At about that time, Nathan assigned the earnest money
contracts to Bradish. Simultaneously, Bradish acquired the
Northgate Forest property and contributed it to the joint
venture. The joint venture agreement provides that Bradish and
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Last modified: May 25, 2011