Ake v. Chancey

In May, 1931, appellee C. L. Chancey entered into contract with Spitzer Rorick Trust and Savings Bank and other non resident defendants including appellant as representative of a certain bondholders’ committee for the collection of outstanding bonds and coupons. The bonds and coupons were issued by Florida Municipalities and were held by the bondholders’ committee. The contract provided that a reasonable compensation be paid Chancey, the amount of which was to be fixed by H. C. Rorick as trustee for the bondholders’ committee.

Chancey prosecuted litigation and performed other services…