Supreme Court of the State of Arizona
708 P.2d 1297 (1985)
Bly, a real estate broker and experienced investor, had a history of working with Neville (defendant), an attorney, for representation related to Bly’s real estate transactions. Bly proposed a transaction through which Bly would transfer certain properties to a third party. Neville held an option interest in the properties. As compensation, the third party would transfer certain properties to Neville, and Neville would execute a promissory note to Bly. Neville accepted Bly’s proposal without counteroffer and drafted a contract to memorialize the terms of the agreement. The agreement was disadvantageous to Bly, which gave rise to disciplinary proceedings that came under review by the state supreme court. During disciplinary proceedings, Neville asserted that he informed Bly that he was not acting as counsel with respect to the transaction at issue.
Rule of Law
Holding and Reasoning (Feldman, J.)
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