Henslee v. Lynes Mortgage Co.

Deen, Judge.

1. On August 31,1971, the plaintiff Lynes Mortgage Company entered into a written agreement with Henslee to attempt to procure a million and a half dollar loan commitment from Metropolitan Life Insurance Co. to be used in an apartment project Henslee and others were constructing. The $23,000 here sued for represents its fee for such successful procurement. Henslee’s group, Frederica Apartments, however, did not use the commitment when procured and on January 26, 1972, accepted a loan commitment offered by another insurance company. The general grounds contentions are simply…