Law Humor

By Judge Jerry Buchmeyer

From Bretton C. Gerard of Dallas (Gerard, Myrin & Singer), this excerpt from the deposition of the defendant in a dispute involving ownership of an apartment complex: the plaintiffs (Bretton's clients) had a contract to sell the apartments - but the defendant contended that he had an interest in the property and a contract to sell them to a third party for a higher price.

Q. Do you know what the property appraised for?

A. The only thing I know is there's been an offer made on it for $1.5 million.

Q. By who?

A. By an investor in Dallas. This is why I objected to the [plaintiffs] selling it for the $500,000 - this has been the basis of the whole suit.

Q. What is the name of the investor in Dallas willing to pay $1.5 million for a property that has been appraised for $500,000?

A. My memory - I don't have it, but my memory will increase if my equity position increases.

Q. What does that mean? What does that mean?

A. It means I cannot tell you right now.

Q. No. What does it mean when you say, "My memory will increase when my equity position increases"? Explain that to me. I don't understand what you're saying.

A. Neither do I.

Full post as published by Say What! on January 10, 2008 (boomark / email).