Dane & Northrop v. Rittiner

It appears to me that this case simply involves the breach by defendant of an unconditional obligation which renders him liable for the amount demanded in the petition.

According to the uncontroverted facts,, defendant sought out plaintiff brokerage firm for the purpose of securing a financing-commitment of $408,800 on 38 housing units, which he intended to erect in a subdivision. Through its efforts, plaintiff was able to secure such a commitment and, on July 17,. 1952, offered to defendant its guarantee that the loans on the 38 units would be supplied by John Hancock Mutual Life…