Madden v. Ferguson
Appellate Court of Illinois
Appeal from the Municipal Court of Chicago; the Hon. William N. Gemmill, Judge, presiding. Heard in this court at the October term, 1911.
1Opinion of the Court
Mr. Presiding Justice Baker
delivered the opinion of the. court.
In 1910, Dr. Alexander H. Ferguson was the owner of eight hundred of the one thousand shares of the capital stock of the Chicago Hospital, a corporation. This Hospital property was incumbered by a mortgage for $35,000. Madden Brothers, as brokers for Dr. Ferguson, sold his stock for $32,000 and claimed that their agreement with Dr. Ferguson was that he should pay them a commission of five per cent, on the amount the stock was sold for, and also on the $35,000 mortgage indebtedness of the Hospital. Dr. Ferguson paid them $500 on…
2Cited by2 opinions
- Lamb v. State of FloridaSupreme Court of Florida · 1926
- Cahn v. Northwestern Mutual Life InsuranceAppellate Court of Illinois · 1915