Case Name: Seaboard Investing Co., Inc., Appellant, v. Gumbel & Neal, Inc., Respondent
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1927-02-04
Citations: 219 A.D. 240
Docket Number: 
Parties: Seaboard Investing Co., Inc., Appellant, v. Gumbel & Neal, Inc., Respondent.
Judges: 
Reporter: Appellate Division Reports
Volume: 219
Pages: 240–241

Head Matter:
Seaboard Investing Co., Inc., Appellant, v. Gumbel & Neal, Inc., Respondent.
First Department,
February 4, 1927.
Henry Woog, for the appellant.
James E. Smyth of counsel [Richards, Smyth & Conway, attorneys], for the respondent.

Opinion:
Per Curiam.
Plaintiff's peculiar contract entitled it to commissions upon its procuring an acceptance of the loan by a ready, able and willing lender. There was a failure of proof that the Standard Bank, which was accepted by defendant as a satisfactory lender, was ready and willing to make the loan. There was also a failure of proof that the defendant ever signified its approval of the Standard National Corporation as a satisfactory lender or that that corporation was able to make the loan. The essential elements of this missing evidence may possib y be adduced on a -new trial. Therefore, the determination of the Appellate Term should be modified by striking therefrom, after the word " reversed," the words " with $30 costs, and the complaint dismissed on the merits, with costs," and substituting therefor the words " and a new trial ordered, with costs to the appellant to abide the event; " and as so modified affirmed, without costs to either party of this appeal.
Present — Dowling, P. J., Merrell, Finch, McAvoy and Proskauer, JJ.
Determination modified by strildng therefrom the words " with $30 costs, and the complaint dismissed on the merits, with costs," and by inserting in place thereof the words " and a new trial ordered, with costs to the appellant to abide the event," and as so modified affirmed, without costs to either party of this appeal.