Ashford Developments, Inc. v. USLife Real Estate Services Corp.

WHITHAM, Justice.

The appellant, Ashford Developments, Inc., acting through a mortgage broker, the appellee, Carruth Mortgage Corporation, applied to appellee, USLife Real Estate Service Corporation, for a standby first mortgage loan commitment to be issued through a USLife affiliate company. Contending that the loan commitment issued contained an improper requirement, Ash-ford refused to accept the commitment and brought this action against USLife and Car-ruth to recover the application fee. Car-ruth counterclaimed for a separate fee it claimed was due it from Ashford pursuant to a separate…