Johnson v. . Insurance Co.

The defendant was the owner of valuable real estate in the city of Winston-Salem, known as the Gilmer Property, and entered into a contract with plaintiff wherein it was agreed that plaintiff should act as real estate broker, offering the property for sale at the price of $50,000.00, and that if plaintiff secured a purchaser for the property at this price, he should receive as compensation 5 per cent of the purchase price.

Plaintiff complains that he fulfilled his contract by securing a purchaser, ready, willing and able to take title to the property and pay therefor the sum of $50,000.00 —…