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Free Books / Real Estate / American Law Of Real Estate Agency / | ![]() |
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Sec. 1123. Definition In Broker's Contract Of The Word "Amount." |
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This section is from the book "American Law Of Real Estate Agency", by William Slee Walker. Also available from Amazon: American law of real estate agency.
Plaintiff, a broker, wrote defendant asking what he would take for his land, including the stock and a five per cent. commission. Defendant replied that "$22,500, your commission $1,112.50; this amount will buy the place." Held, that the word "amount" referred to the total of the two sums mentioned by defendant; the word being defined by "Webster as "the sum total of two or more particular sums or quantities, as the amount of 7 and 9 is 16." Smith v. Fears (Tex. C. A. '09), 122 S. W. 433.
 
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