Loan v. Gillmor
Loan v. Gillmor
Opinion of the Court
Opinion by
This action was to recover of the defendant one half of the sum which he received for his services in negotiating the sale of a valuable oil property by the Peoples’ Gas Company to the Forest Oil Company. The plaintiff had been employed to negotiate a sale of the property, but had been unsuccessful. There was no general market for such a property, and it was not to be advertised or offered to any one without first submitting to the owner the name of the proposed purchaser. But two parties were found who would consider the subject of purchasing. With one of these the owners declined to negotiate, and the other, who afterward became the purchaser, would not pay the price then asked, $400,000. At the time of the alleged agreement between the plaintiff and the defendant no negotiations for a sale of the property were pending, and it was understood that it had been withdrawn from the market. The plaintiff believed that the Forest Oil Co. was the only party likely to buy, and that a sale could be made to it when the market revived ; and being unable to give further personal attention to the matter, because of failing sight, saw the defendant for the purpose of arranging with him to renew the negotiations at the proper time and for their joint benefit.
The plaintiff claimed to recover upon an express agreement. His case was that he had told the defendant all that had occurred between himself and the owner, in relation to the matter, and between himself and the Forest Oil Co., and that while the property was nominally withdrawn it could be sold if a pur'
If the jury found this agreement had been made, there was the further question whether it was in force at the time the sale was effected and the commission earned. This was submitted with proper instructions, and we find no error in the-record.
The judgment is affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.