Commerce Farm Credit Co. v. Torrance

7 S.W.2d 1110, 1928 Tex. App. LEXIS 630
CourtCourt of Appeals of Texas
DecidedMay 24, 1928
DocketNo. 676.
StatusPublished
Cited by8 cases

This text of 7 S.W.2d 1110 (Commerce Farm Credit Co. v. Torrance) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Commerce Farm Credit Co. v. Torrance, 7 S.W.2d 1110, 1928 Tex. App. LEXIS 630 (Tex. Ct. App. 1928).

Opinion

CAIDA GHI5R, C. J.

This suit was instituted by appellee, J. R. Torrance, against appellant, Commerce Farm Credit Company, a corporation, for the purpose of recovering $1,700 as a commission on a loan made by appellant to H. M. Minier and his associates. The case was tried to a jury, and submitted on special issues, in response to which the jury found, in substance, that (a) appellee was the procuring cause of effecting the loan made by appellant to Messrs. Minier, Bolton, and Cameron upon the tract of land in question; (b) appellant agreed with appellee to pay him 2 per cent, of such loan for procuring the same; (e) the negotiations initiated by appellee in attempting to secure said loan for said Minier, Bolton, and Cameron were not abandoned by him when he was notified that said parties had applied to Gum Bros, for such loan. The court entered judgment on said findings in favor of appellee against appellant for the sum of $1,700, with interest from the date thereof.

Opinion.

Appellant presents as ground for reversal the action of the court in refusing its request for a peremptory charge in its favor. Appellant contends in this connection that the undisputed testimony shows conclusively that appellee was not the procuring cause of its making said loan to Messrs. Minier, Bolton, and Cameron; that there is no testimony showing or tending to show any contract with appellant, express or implied, for appellee to procure such loan; and that the undisputed testimony shows that appellee had no such contract with appellant.

The undisputed testimony shows that Messrs. Minier, Bolton and Cameron owned a large tract of land in Milam county; that they listed it for sale with appellee, who was a land and loan broker; that appellee succeeded in interesting Messrs. Reed and Robinson, of Austin, in the proposed purchase of said land; that said proposed purchasers indicated they would not purchase the same unless they could obtain a loan thereon of not less than $75,000; that appellant is a corporation, having its principal office in Dallas, but having at that time as agent or employee a Mr. Mayfield, who maintained an office in Waco; that, with a view of aiding said proposed purchasers in securing such loan, ap-pellee approached said Mayfield and explained the situation to him; that appellee and said Mayfield then went together to Mil-am county and inspected said land; that said proposed purchase by said parties was never consummated; that appellant subsequently made á loan of $85,000 to Messrs. Minier, Bolton, and Cameron on said tract of land; that said loan was made on the personal application of Mr. Minier, and that such application was presented to appellant some six months after the first inspection of said land by said Mayfield.

Appellee testified in this connection that, after he had taken Mr. Mayfield down to inspect the land, he was called to Mr. May-field’s office and found Mr. Peterson, appellant’s vice president and general manager, there; that Mr. Peterson urged him to get the loan; that he took Mr. Peterson down and showed him the land, and that Mr. Peterson assured him that the loan would be made for the amount necessary and urged him to press the matter; that on this occasion he discussed with Mr. Peterson his brokerage on said loan; that Mr. Peterson *1111 told him he knew he was expecting 2 per cent.; that said proposed sale to Messrs. Reed and Rohinson was pending for some time on account of the absence from the city of Messrs. Bolton and Cameron; that Mr. Minier finally told him that they had decided not to make the proposed sale; that he had previously disclosed to Mr. Minier that said proposed purchasers had arranged to secure said loan; that Mr. Minier told him they would take care of him; that they would take .the loan he had negotiated, and asked him who was to make the loan; that he informed Mr. Minier that appellant was to do so.

Appellee further testified that he was the first person to approach Mr. Minier about a proposed loan on said land; that both Mr. Minier and Mr. Mayfield told him that there had been no negotiations between appellant and Mr. Minier prior thereto; that after the sale of said land was abandoned Mr. Minier promised to give him an application for said loan; that Mr. Mayfield was urging him to secure the same; that he also received a letter or letters from Mr. Peterson, urging him to secure such loan; that Mr. Peterson again agreed to pay him 2 per cent, commission for procuring the same; that later Mr. Minier assured him he was practically ready to make application therefor; that actual negotiations continued until Mr. Minier suddenly informed him that he had given the loan to Gum Bros.; that he dropped the matter temporarily, but that Mr. Minier afterwards told him that the proposed loan from Gum Bros, had “blown up,” that they were not able to make that large a loan, and for ap-pellee to secure the loan from appellant as originally proposed; and. that he then resumed and continued his efforts to close the matter.

Appellee further testified that, when he accidentally learned that the loan had been made by appellant to Mr. Minier and his associates, he immediately called Mr. Mayfield and suggested that he should have a check for his commission; that Mr. Mayfield replied that Mr. Minier, who was in the loan business himself, offered the' loan to appellant for a brokerage of only 1 per cent., while appellee was charging 2 per cent.

The testimony here recited is a very brief summary of the salient points of appellee’s testimony. On the trial of the case he was examined with reference to every fact recited in minute detail by both parties. There are some slight inconsistencies in his testimony, but in the main it is in harmony with above outline thereof. Appellant lays great stress on a letter which .appellee wrote to it, in which he stated he had dropped the matter of negotiating a loan when Mr. Minier informed him that he had given the loan to Gum Bros. Appellee testified in explanation of said letter that such action was temporary only, and that Mr. Minier afterwards renewed his promise to take the loan through him. Appellee’s testimony was contradicted on practically all material matters by the other parties to said transaction. Appellee’s testimony, above quoted, raised the issues of employment and procuring cause. Goodwin v. Gunter, 109 Tex. 56, 185 S. W. 295, 195 S. W. 848, 849; Keener v. Cleveland (Tex. Com. App.) 250 S. W. 151, 152, 153; Munger v. Hancock (Tex. Civ. App.) 271 S. W. 228, 231, and authorities there cited; Hill v. Huber (Tex. Civ. App.) 202 S. W. 785, 787; Stone v. Cox (Tex. Civ. App.) 244 S. W. 620, 622, and authorities there, cited; Thompson v. Ferguson (Tex. Civ. App.) 250 S. W. 204, 205; Masters v. Hunt (Tex. Civ. App.) 197 S. W. 219, 220.

The rule prescribed by our Supreme Court for determining whether a peremptory charge should be given is clearly stated in Harpold v. Moss, 101 Tex. 540, 542, 109 S. W. 928, as follows:

“Harpold testified to the facts substantially as alleged in his petition. Upon the material facts he was flatly contradicted by the testimony of Moss and in some particulars by the testimony of other witnesses. It may be conceded also that Harpold’s version of the transaction was not very probable. The error a's-signed is that the court erred in instructing a verdict. The rule that is applicable to this question is very clearly announced in the case of Eastham v. Hunter, 98 Tex. 560 [86 S. W.

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7 S.W.2d 1110, 1928 Tex. App. LEXIS 630, Counsel Stack Legal Research, https://law.counselstack.com/opinion/commerce-farm-credit-co-v-torrance-texapp-1928.