Smith-Burns Investment Co. v. Jones

Plaintiff, real estate broker in Detroit, on April 9, 1923, brought about the execution of a writing, in substance as follows:

“I agree to purchase, through the Smith-Burns Investment Company, agents, the following described property: * * * for the sum of thirty six thousand ($36,000) dollars on the following terms and conditions: Five thousand ($5,000) dollars cash as first payment and the balance on or before three years, with interest at six per cent, payable quarter yearly. * * *

“As a showing of good faith and to bind this agreement, I herewith deposit with Smith-Burns Investment Company,…