Associated Executive Control, Inc. v. Bankers Union Life Insurance

DeSONIER, Judge.

Plaintiff filed suit against defendant for $50,000 which it asserts defendant owes pursuant to a brokerage contract for the sale of corporate stock. Plaintiff alternatively seeks damages on a quantum meruit basis.

Defendant filed exceptions of no cause of action and prematurity, both of which were maintained by the district court. Plaintiff appeals from the dismissal of its suit.

For the purpose of an exception of no cause of action, the facts well pleaded in *558the petition must be accepted as true.1 The facts set forth are that on January 30,1974 defendant agreed to pay plaintiff…