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DEVELOPMENT SERVICES, INC. v. SHEEHAN

No. 42324.

189 N.W.2d 34 (1971)

DEVELOPMENT SERVICES, INC., Appellant, v. James L. SHEEHAN et al., Respondents.

Supreme Court of Minnesota.

Rehearing Denied August 30, 1971.

Attorney(s) appearing for the Case

Soules & Metchnek, Minneapolis, for appellant.

Popham, Haik, Schnobrick, Kaufman & Doty and Robert H. Zalk, Minneapolis, for respondents.

Heard before KNUTSON, C. J., and OTIS, PETERSON, KELLY and ROSENGREN, JJ.

OPINION

KELLY, Justice.

Plaintiff sued defendants for $13,000 as commission due for the procurement of a loan. The lower court found for defendants and thus this appeal.

On June 23, 1965, defendants signed a loan procurement contract with Neil Larson whereby Larson would be paid 1½-percent commission on the principal amount of the mortgage if he could obtain a $650,000 mortgage amortized over 20 years with 6-percent interest per annum. An additional...

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