Harding v. Warren

Roe, A.C.J.

— Defendants signed an agreement listing their farm with plaintiff real estate broker. He sues for his commission.

He obtained an offer from Reavis reciting a 29 percent down payment and a 7 percent interest rate on the contract balance. The disposition of this case depends upon whether the following words appearing in the listing agreement are, as claimed by the defendants, ambiguous as to the rate of interest this contractual balance would bear:

We interpret it to read as follows:

_ballon [sic] Price $580,000.00 Down 29% Balance 20 year amoritized [sic] with 10 year pyt Incumbrance…