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UNITED AMERICAN BANK OF CENTRAL FLORIDA, INC. v. SELIGMAN

No. 91-1316.

599 So.2d 1014 (1992)

UNITED AMERICAN BANK OF CENTRAL FLORIDA, INC., Appellant, v. Donald SELIGMAN and John G. Pierce, Appellees.

District Court of Appeal of Florida, Fifth District.

Rehearing Denied June 17, 1992.

Attorney(s) appearing for the Case

John V. Baum of Panico & Baum, Maitland, for appellant.

John G. Pierce, Orlando, for appellees.

COWART, Judge.

The Griffins owned, controlled and worked at a brokerage firm, Professional Realty and Development Company, which firm had the right to receive from third parties certain real estate commissions. Donald Seligman worked for the Griffins (Professional Realty) as a commissioned salesman.

The Griffins borrowed money from a bank securing the loan by a second mortgage on their home. As additional security for the Griffins' debt to the bank, Professional...

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