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Young lawyer Billy Dow vows not to marry a woman who has more money then he does, which causes problems when his girlfriend inherits a million dollars from an aunt she has never seen. In keeping with his promise, Billy breaks up with her. Desperate to get him back, she turns over the money to George Frayne, an "investor" with a long record of losing money for his investors, in hopes that he will lose all of her money and Billy will take her back. Complications ensue.