Commonwealth Capital Corp. v. Enterprise Federal Savings & Loan Ass'n

ORDER AND REASONS

LIVAUDAIS, District Judge.

The parties submitted this matter for decision on the briefs and a joint stipulation of facts. Now, after a review of the record and the materials submitted by the parties, I find as follows.

FACTS

This dispute arises from a brokerage contract between the plaintiff, a deposit broker, and the defendant, a federally insured bank. Under that contract, which was dated November 3, 1980 and signed by the defendant’s president, the plaintiff was to search for and supply to the defendant large deposit accounts, and was to receive a 1% commission (pro-rated…