Aladdin Realty Co. v. Rollins

HOOD, Chief Judge.

Appellant brought this action as payee of a promissory note executed by appellees under the following circumstances. Appel-lees as purchasers and one Filippo as seller had entered into a contract for the sale of certain real estate. Appellant, a real estate broker, acted for the seller in the transaction. The contract recited receipt of a deposit of $500 “in the form of 3 day Note.” Such a note, the note constituting the basis of this action, was executed by appellees payable to appellant. A few days later ap-pellees notified appellant they could not obtain the $500 cash and…