Nichols v. Waterfield Financial Corp.

Mahoney, Presiding Judge.

Appellant, Waterfield Financial Corp. (“Waterfield”) appeals from the judgment of the Summit County Court of Common Pleas in favor of the appellee, Roger Nichols. We reverse.

Facts

In the latter part of 1982, Waterfield hired Nichols as a loan originator pursuant to an oral contract The contract provided, inter alia, that Nichols was to be paid a one-half of one percent commission on the gross value of all mortgages which were obtained by Nichols, and which were subsequently processed and approved by Waterfield. It is undisputed that this contract was an at-will…