Fry v. George Elkins Co.
327 P.2d 905 (1958)
Nature Of The Case
This section contains the nature of the case and procedural background.
Facts
Fry (P) made an offer on a home through George (D) a real estate broker. P sent a check for $4,250 and his offer conditioned upon obtaining a $20,000 loan at 5% for 20 years. The owners of the house accepted the provisions and agreed to pay D a 5% commission or one-half of the deposit if it was forfeited by P. P was told that the required loan was available at Western Mortgage Co. if he would just file the application papers. P never filed the papers. P had applied to two banks, and they had rejected his application. P then wrote to the owners to rescind the deal. The Millers sold their house to the Rothschilds for $40,375 without a broker's commission but with the inclusion of $937.50 worth of personal property. An attorney was employed for $250 to assist in the closing. P sued D for the deposit. The trial court took the $937.50, $250, and $2,125 in broker commission and awarded P the balance remaining from the deposit, $937.50. P appealed.
Issues
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Holding & Decision
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Legal Analysis
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