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.
A promise to pay a broker commission out of a specified fund to be collected by him is enforceable only on allegation and proof that the fund named is adequate for the payment demanded. Columbia Realty Inv. Co. v. Alameda Land Co., 168 P. 64, re. den., Id. 440, - Or. Sup. - .
 
Continue to: