Kusche v. Vulcanized Rubber & Plastics Co.

Opinion by

Mr. Justice Eagen,

This is an appeal from a judgment entered on the pleadings in an action of assumpsit.

The pertinent portions of the pleadings are as follows :

The complaint alleges that the plaintiff, with many years experience in banldng and negotiating loans, entered into a contract with the corporate-defendant “to negotiate a mortgage loan of |500,000 on behalf of the defendant at a fee of 3%, payable to the plaintiff by the defendant;” that the plaintiff successfully secured *366a commitment for such a loan from a Philadelphia hank, which was submitted to the board of directors of…