Oliver v. Dent, Administrator

September 2, 1941, appellees herein, R. E. Dent et al., executed in writing an instrument addressed to “American Security Company, Little Rock, Arkansas,” which, in part, is as follows: ‘ ‘ G-entlemen: You are hereby authorized to procure for me a loan of $162,500 dollars ($162,500') bearing interest at 4% per annum, (to be secured by a mortgage on 3,600 acres of land in Crawford county, Arkansas) . . . For negotiating the loan I agree to pay you a cash commission of two per cent payable when loan is closed. ... If loan is approved as applied for and I refuse or fail to complete said loan…