Keystone Mortgage Co. v. MacDonald

Appellant, Keystone Mortgage Co., Inc. (“Keystone”), a licensed real estate broker, sued Jack II. MacDonald and his coadventurers (“MacDonald”) to recover a $7,000 broker’s fee alleged to have been earned by obtaining a loan commitment complying with a written authorization. Judgment was entered for MacDonald following the granting of MacDonald’s motion for judgment pursuant to section 631.8 of the Code of Civil Procedure, 1 from which Keystone appeals. 2

Summary of the Evidence, On November 14, 1960, MacDonald signed a written agree.ment prepared by Keystone employing Keystone to obtain a…