Case Name: STONE v. PLAUT et al.
Court: New York Supreme Court, Appellate Term
Jurisdiction: New York
Decision Date: 1905-12-21
Citations: 96 N.Y.S. 1030
Docket Number: 
Parties: STONE v. PLAUT et al.
Judges: 
Reporter: West's New York Supplement
Volume: 96
Pages: 1030–1030

Head Matter:
STONE v. PLAUT et al.
(Supreme Court, Appellate Term.
December 21, 1905.)
Principal and Agent—Commissions of Agent.
Where an agent was engaged to procure a loan of not less than $220,-000, but failed to secure anything better than an offer of $210,000, and, this not being accepted, he abandoned the matter, he was not entitled to commissions when his principal subsequently took a loan of $200,000 from the same party.
[Ed. Note.—For cases in point, see vol. 8, Cent. Dig. Brokers, §§ 74, 86, 89, 94.]
Appeal from City Court of New York, Trial Term.
Action by Samuel H. Stone against Albert Plant and others. From a judgment dismissing the complaint, plaintiff appeals.
Affirmed.
Argued before SCOTT, P. J., and BISCHOFF and MacEEAN, Jj.
Henry Brill, for appellant.
Frederick W. Hinrichs, for respondents.

Opinion:
BISCHOFF, J.
In our opinion the plaintiff was properly nonsuited, and the judgment should be affirmed. Engaged to procure-a loan of not less than $225,000 or $220,000, the plaintiff's efforts failed to secure anything better than a tentative offer of $210,000; and, this not being-accepted, he admittedly abandoned his interest in the matter, as appears from his own letter. Thereafter the defendants took the loan at $200,-000 from the party with whom the plaintiff had negotiated, but this gave him no cause of action for commissions. He had been employed to obtain a loan at or above a minimum limit, which he failed to do, and the defendants, acting upon his written disclaimer of further employment, proceeded to obtain a substantially smaller loan themselves. Here is no reasonable suggestion of bad faith, and a verdict for the plaintiff would have been quite without support in the evidence. That upon the facts presented the broker has no claim to commissions is a proposition well settled by authority. Donovan v. Weed, 182 N. Y. 43, 74 N. E. 563 ; Sibbald v. Bethlehem Iron Works, 83 N. Y. 378, 38 Am. Rep 441.
Judgment affirmed, with costs. All concur.