Stone Mountain Abstract Co. v. Alcovy Realty Co.

Marshall, Judge.

"Alcovy Realty Company brought suit on a real estate sales contract seeking recovery of broker’s commission from the sellers. The agreement as to commission provided: 'Sellers agree to pay real estate brokerage commission in the total amount of $100,000.00, divided equally between Alcovy Realty Company and Wiley S. Ansley Company, payable in the following manner:(a) $50,000.00 to be paid at time of closing.(b) The remaining $50,000.00 due shall be payable in three annual notes, the first two in the principal amount of $16,666.00 and the third in the amount of $16,668.00.(c)…