Sale v. Contran Corporation

GUITTARD, Justice.

Jim Sale, a securities broker, sued Con-tran Corporation for a fee of $130,000 on an acquisition of stock which was never completed. The trial court rendered summary judgment denying recovery, and the broker appeals. We affirm on the ground that the broker’s contract made the fee contingent on a “purchase,” which never occurred.

The contract is evidenced by a letter dated April 16, 1969, from plaintiff Jim Sale to Harold Simmons, president of defendant Contran Corporation, as follows:

“Please call me and let me know when you will be able to go with me to Lafayette, Louisiana…