North Sea Development, Inc. v. Burnett

The action is brought to recover $8,000 for real estate broker’s commissions. It appears without dispute that the defendant was the owner of certain real estate in the village of Southampton, and that C. Arthur Payne, plaintiff’s assignor, a real estate broker, was employed by the defendant to procure a purchaser, with whom the defendant entered into a written contract of sale, dated November 20, 1925. The purchase price was $200,000, $20,000 to be paid on the execution of the contract, $20,000 on February 20, 1926, $35,000 on April 21, 1926, and the balance, $125,000, by a purchase -money…