Stinson v. 6-8 West 57th Street Corp.

The defendant leased real estate to H. Milgrim & Bros. It received a bill from L. J. Phillips & Co. as brokers in this transaction for $28,350 at the usual rates of commission. After the transaction was closed, but before the lease was signed, defendant interchanged a letter with L. J. Phillips & Co. agreeing that it would pay this commission $10,000 in cash on the signing of the lease, $12,000 on August 1, 1925, and the remaining sum in two installments on August 1, 1926, and August 1, 1927. Thereafter the firm of Brady & Bowman asserted a claim for a *70commission of the same amount for…