Equitable Mortgage Co. v. Weddington

HEAD, Associate Justice.

Sometime in May, 1887, appellant and appellees entered into a contract by which appellees were to procure loans for appellant upon country real estate in Clay County, Texas, upon the terms set forth in a rate sheet furnished them. By the terms of this contract, on all loans from $500 to $1500 at 10 per cent interest, appellees were required to obtain their compensation from the borrower; on loans from $1500 and over at 10 per cent interest, appellant was to pay appellees a commission of 2 per cent, and appellees could also obtain such additional compensation from the…