Alamoe Realty Co. v. Mutual Trust Life Insurance

Gallagher, Chief Justice.

To the complaint in this action defendant demurred on the ground that no cause of action was stated, and this appeal is taken from an order sustaining the demurrer.

That plaintiff was the owner of certain encumbered realty which defendant purchased at a foreclosure sale, that defendant promised orally to accept a mortgage in the sum of the amount that would be necessary to redeem from the sale, together with certain other amounts if plaintiff would secure a lessee of the property for at least three years at a reasonable rental and would assign the rents to defendant,…