Christman v. Guaranty Mortgage Co.

THE COURT.

This action was brought to recover on a promissory note executed by defendant corporation to one Baltor and by him assigned to the plaintiff. As a defense to the action defendant alleged that the amount of the note was the compensation which it agreed to pay Baltor, a real estate broker, for his services in an exchange of certain real estate; that the complaint failed to allege that Baltor was a duly licensed broker at the time the cause of action arose, and consequently, under the provisions of section 2'0 of the Real Estate Brokers’ Act (Stats. 1919, p. 1252), the action could not…