American Security Bank v. Read Realty, Inc.

OPINION OF THE COURT BY

BURNS, J.

This case involves an escrow company’s obligations under an assignment of sales commission agreement. Plaintiff American Security Bank (ASB) contends that the jury waived trial court erred in arriving at its findings of fact and conclusions of law. We reverse one of the conclusions of law and affirm in all other respects.

Prior to November 1973, Read Realty, Inc. (Read Realty) through Carlos R. Read (Carlos), its president, was negotiating with ASB through Gary Taki (Taki), its downtown branch manager and assistant vice president, for a revolving line credit…