Barnes v. Osgood

BURNELL, J., pro tem.

The appellants, who owned an equity in two lots in the city of Los Angeles, entered into a written listing agreement with the respondent whereby they granted to him “the exclusive and irrevocable right to sell the same” within the period of forty-five days after February 14, 1925, “for $7,000, and to accept a deposit thereon, cash 1027, balance as per contract—three payments 1991 each, interest and taxes to date of assignment to be paid by seller.” (Italics ours.) The agreement further provided: “I hereby agree to pay said agent as commission price received above 7000 of…