Title: PORTER v. WOLD
Citation: 127 P. 43 2, 1912 OK 472, 34 Okla. 253
Docket Number: 
State: Oklahoma
Issuer: Oklahoma Supreme Court
Date: June 25, 1912

PORTER v. WOLD Annotate this Case PORTER v. WOLD 1912 OK 472 127 P. 432 34 Okla. 253 Case Number: 2046 Decided: 06/25/1912 Supreme Court of Oklahoma PORTER v. WOLD. Syllabus ¶0 1. BROKERS--Existence of Relation--Agency for Adverse Parties. Scott E. Winne was the manager of the partnership of Winne & Winne and manager of the Winne Mortgage Company, a corporation. Wold made application to the Winne Mortgage Company for a loan, and the application contained the statement that Winne & Winne were appointed her agent to obtain the loan. Held, that the instrument was ineffective to create an agency in Winne & Winne to obtain a loan from the Winne Mortgage Company, and that no agency was conferred on either Winne & Winne or the Winne Mortgage Company. 2. SAME--Authority--Loan--Payment to Agent. The application for a loan stated that the applicant made "application to the Winne Mortgage Company 'for a loan," and further stated, "I offer as security for the loan a first lien upon real estate Situated," etc. It also contained a provision purporting to appoint Winne & Winne agents for the applicant, and also the following: "I hereby authorize them to procure the loan herein applied for from the company to which this application is made, or from any other source from which they can get the sum herein applied for, on the terms contained in the application." Held that, if the agency attempted to be conferred had been otherwise valid, its terms conferred no authority on Winne & Winne, or the Winne Mortgage Company, to procure the money by transferring the note and mortgage, and that the application contemplated that the applicant would get the money from the person to whom she executed the note and mortgage. 3. FORMER DECISIONS FOLLOWED. For third paragraph of syllabus, see second paragraph of syllabus in Bell v. Riggs, post, 127 P. 427. 4. SAME. For fourth paragraph of syllabus, see third paragraph of syllabus in Bell v. Riggs, post, 127 P. 427. 5. BILLS AND