CHARTER INVEST. & DEVELOP. CO. v. URBAN MEDICAL SERV., INC.

51168, 51197.

136 Ga. App. 297 (1975)

220 S.E.2d 784

CHARTER INVESTMENT & DEVELOPMENT COMPANY v. URBAN MEDICAL SERVICES, INC.; and vice versa.

Court of Appeals of Georgia.

Decided October 23, 1975.


Attorney(s) appearing for the Case

Harland, Cashin, Chambers & Parker, Terrill A. Parker, for appellant.

Kilpatrick, Cody, Rogers, McClatchey & Regenstein, R. Alexander Bransford, Jr., Matthew H. Patton, for appellee.


DEEN, Presiding Judge.

The defendant corporation entered into a contract with the appellant (here referred to as CID) to procure a mortgage loan with the proceeds of which it intended to construct a private hospital. The contract provided: "The undersigned further agrees to pay the agent for services rendered an amount equal to 2% of the loan amount as a brokerage fee. The brokerage fee shall be due and deemed earned upon issuance of commitment substantially in accordance...

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