Lowman v. Shotkoski

.Lettox, J.

Defendant entered into a written contract with plaintiff whereby he appointed plaintiff “sole and exclusive agent to sell’-’ his 365-acre farm in Nance county for $70,000. He agreed to pay $1,000 commission, and a further commission of all over $69,000 for which the agent might sell the land. The terms of sale were: “Cash to bind the sale, $4,000; balance as follows: First mortgage $20,000 for 9 years at 5% per cent., second mortgage $8,800, 5 years, March 1st, 1920, at 6 per cent., and $27,200 'March 1st, 1920.” The contract gave the agent the right to purchase on the terms named…