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COLONIAL MORT. S. CO. v. MELROSE C. C.

416 Pa. 340 (1965)

Colonial Mortgage Service Company v. Melrose Country Club, Appellant.

Supreme Court of Pennsylvania.

January 12, 1965.

Attorney(s) appearing for the Case

Alan J. Davis, with him Wolf, Block, Schorr & Solis-Cohen, for appellant.

Abraham L. Shapiro, with him Norman C. Henss, and Cohen, Shapiro, Berger and Cohen, for appellee.

Before BELL, C.J., MUSMANNO, JONES, COHEN, EAGEN, O'BRIEN and ROBERTS, JJ.

OPINION BY MR. JUSTICE O'BRIEN, January 12, 1965:

The plaintiff filed a complaint in assumpsit in which it alleged that it was employed by the defendant-appellant to secure a mortgage in the sum of $350,000 to $400,000, with interest to be no more than 6 1/4%. The defendants were to pay a fee of $25,000 for the obtaining of a commitment on this mortgage.

On March 1, 1963, by letter, the appellee advised the country club that it had obtained a commitment for...

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