Real Estate Exchange v. Kingston
This text of 420 P.2d 117 (Real Estate Exchange v. Kingston) is published on Counsel Stack Legal Research, covering Utah Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Appeal from a judgment denying plaintiff a commission for sale of property listed by defendants. Affirmed, with costs to defendants.
Kingstons listed their motel, service station and restaurant with plaintiff for sale. Malloys likewise listed their home for sale with plaintiff, who managed to get the [255]*255parties together in a swap. The first negotiations failed since Malloys could obtain no credit. A second try resulted in a contract whereby Malloys took possession of the motel and Kingstons received a deed to the Malloys’ home. The papers were placed in escrow, subject to monthly payments to be made by Malloys, — out of which plaintiff agreed it was to be paid by Kingstons, — • all of which papers and the conditions therein were prepared by plaintiff. Plaintiff specifically agreed to obtain its commission from the monthly payments to be made by the Malloys. That may have been a foolish agreement, but foolish or unfoolish, it was made, nonetheless.
After a couple of months Malloys found their venture unprofitable, walked out and refused to make any payments after the two they had made. Litigation between Malloys and Kingstons followed and they compromised their differences, — each side going its own way.
Plaintiff admitted it was acting for both parties. It demanded a commission from both sides when the roof fell in. It admitted that when queried by the Kingstons as to whether it was acting in a dual capacity, it was so. In response to Kingston’s question as to whether plaintiff was claiming a commission from both sides, it responded that it was none of Kingston’s business. Plaintiff already had sued the Malloys for the commission.
Aside from the ethics of such an apparent unconscionable position, the fact that plaintiff agreed to and prepared the document substantiating such agreement, — it is choked with its own verbiage,- — and stuck with it. It received its commission portion of two payments. None was thereafter forthcoming, and absent any acceleration clause, the commission was payable only in the manner which the author of the agreement proposed and scrivened.
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Cite This Page — Counsel Stack
420 P.2d 117, 18 Utah 2d 254, 1966 Utah LEXIS 444, Counsel Stack Legal Research, https://law.counselstack.com/opinion/real-estate-exchange-v-kingston-utah-1966.