Verity v. Ottinger

Plaintiff was employed as a broker to sell No. 78-80 Laight street, New York, by the owners, Moses Ottinger and the executors of Marx Ottinger. The only term given him was the price of $45,000, of which thirty-five per cent was to be paid in cash and the balance by a purchase-money mortgage for a period to be agreed upon later. Plaintiff testified that on November 9, 1925, he submitted an offer of $42,500, thirty-five per cent *345cash, balance on mortgage, to Mr. Ottinger, who said he would accept it. He added: “ I have a contract that you will have to sign. * * * The difference is that you will…