Patterson v. Albert

In 1928, Bose Albert, defendant, acting through a real estate agent, signed an instrument appointing the Investment Mortgage Company her agent to secure a mortgage loan of $20,000 on an apartment building in Detroit. She agreed to pay the mortgage company for its services a commission or brokerage fee of six per cent., in addition to the cost of recording and continuing abstract, and other expenses incurred in perfecting title. The loan was negotiated, and defendant executed a note and mortgage for $20,000 running to plaintiff, Peter Patterson, as mortgagee. Patterson is the secretary and…