Case Name: SCHNITZER v. PRICE
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1907-11-22
Citations: 106 N.Y.S. 767
Docket Number: 
Parties: SCHNITZER v. PRICE.
Judges: 
Reporter: West's New York Supplement
Volume: 106
Pages: 767–768

Head Matter:
SCHNITZER v. PRICE.
(Supreme Court, Appellate Division, Second Department.
November 22, 1907.)
Brokers—Actions for Compensation—Sufficiency of Evidence.
Where a broker sues for commissions for producing a purchaser able to-purchase on defendant’s terms, one of which was a cash payment of $25,000, evidence that the purchaser’s assets consist of a stock of groceries, the value of which is not shown, and a cause of action against third parties for $10,000 or $12,000 for money loaned, and that he has no funds in his possession, held insufficient to show the purchaser’s ability ■to pay $25,000 cash.
[Ed. Note.—For cases in point, see Cent. Dig. vol. 65, Brokers, §§ 116-120.]
Appeal from Trial Term, Kings County.
Action by Barnett Schnitzer against Joseph Price. From a judgment for plaintiff, and an order denying a new trial, defendant appeals.
Argued before JENKS, HOOKER, GAYNOR, RICH, and MILLER, JJ.
Clarence L. Barber, for appellant.
Jacob Gordon, for respondent.

Opinion:
MILLER, J.
This is an action for broker's commissions. No contract was entered into by the principals, and the only question involved is whether the plaintiff showed that he produced a purchaser able to purchase on the defendant's terms. One of'the terms was a cash payment of $25,000. The proposed purchaser testified that he had in his possession funds sufficient to carry out the cofitract, but his cross-ex- animation showed that his assets consisted of a stock of groceries, the value of which was not shown, and a cause of action for $10,000 or $12,000 against third parties for money loaned, and that he had no funds in his possession.
I think this fell short of proving his ability to pay $25,000 cash, and advise that the judgment and order be reversed. All concur.