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ROWLAND CORP. v. INTEGRATED SYSTEMS TECH., INC.

No. 5203.

488 S.W.2d 133 (1972)

The ROWLAND CORPORATION, a corporation, Appellant, v. INTEGRATED SYSTEMS TECHNOLOGY, INC., a corporation, Appellee.

Court of Civil Appeals of Texas, Waco.

Rehearing Denied December 28, 1972.

Attorney(s) appearing for the Case

Zimmerman, Minick & Zimmerman, Dallas, for appellant.

Goldberg, Alexander, Sullivan & Strange (Robert I. Knopf), Dallas, for appellee.

OPINION

McDONALD, Chief Justice.

This is an appeal by plaintiff Rowland Corporation from summary judgment that it take nothing in suit to recover 10% commission of funds received for the sale of certain securities of the defendant Integrated Systems.

Plaintiff sued defendant upon a letter agreement which terminated a management contract. By the letter agreement, defendant agreed to pay plaintiff 10% of all sums invested in defendant's private placement...

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