Plaintiff sought by this suit to recover a commission for services in procuring a loan for defendants. There was verdict for the defendants, and from the judgment thereon plaintiff prosecutes this appeal.
Florence J. Farmer, through her husband, as agent, made written application to plaintiff for a loan of money to be secured by a mortgage on real estate owned by her and upon stipulated terms, the application containing this pertinent provision:
"I agree to furnish D. F. Allen, at my own expense, a satisfactory abstract of title as soon as he has advised me of the approval of my application for the loan applied for, and if within 15 days thereafter he shall be ready to complete said loan, I agree to pay D. F. Allen for services rendered in that behalf the sum of $300."
The application was approved, the abstract was furnished, and within the period prescribed plaintiff announced ready to complete the loan; but by reason of some outstanding indebtedness against the property defendant was not then able on her part to complete the transaction. Plaintiff insists that, these facts being proven, he was entitled to the general affirmative charge.
It is settled that where a broker contracts, for a commission, to procure a loan within a specified time and upon defined terms, if he procures a lender upon such terms and within such time and notifies the proposed borrower, he is entitled to receive the agreed commission, and the fact that the borrower is not able to complete the transaction is no defense to the broker's demand for his commission. Allen v. Stradford, 201 Ala. 559, 78 So. 955, among others. But in the case at bar the defendant sought to escape liability upon the theory that the time limit was waived and that within a reasonable time she offered to accept the loan, when she was told it was no longer available. *Page 526
It appears that one Gillespie was associated in some manner with the plaintiff in the business of making loans. In this case the proposed lender was Gillespie's father, and Gillespie was to receive a part of the commission contracted for by the plaintiff. Within the 15-day period defendant called upon the plaintiff in the matter of the loan. Plaintiff did not actually have the money in hand, but told plaintiff it was ready. The check covering the loan was then in the hands of Gillespie. Defendant was unable to close because of the absence of her husband, who was handling the matter for her, but, according to her testimony, asked that the loan be held for her and agreed to pay interest upon it from that date. This offer was not accepted by the plaintiff, there being some question raised about the payment in whole or in part of the commission; but, albeit reluctantly, it is clear that plaintiff agreed to hold the matter in abeyance. For some weeks negotiations pended between defendant's husband and either plaintiff or Gillespie to whom plaintiff committed the matter of closing up the loan, and the husband was earnestly besought to bring the matter to a head. It appears that defendant proposed to sell or exchange the property involved, the purchaser to assume a mortgage in the amount sought to be borrowed by the defendant; that there then existed against the property a mortgage some $3,000 in excess of the proposed loan; and that defendant was to secure this excess from some other source and thus discharge the existing mortgage. We think it clear from the evidence that plaintiff was to turn over the proposed loan to defendant only upon the contingency that defendant had the excess in hand. It in no wise appears that plaintiff or his associate Gillespie ever put defendant upon notice that strict compliance with the provision as to time would be demanded, or that any time was, after the 15-day period had expired, set or suggested by or within which the loan should be completed. The evidence is not clear as to when defendant, or her husband, announced ready to close, it being variously stated as three, four, or five weeks, or perhaps longer than that, after the expiration of the period.
Of course, parties may modify their contracts to suit themselves. If the contract here was modified to the extent of waiving the provision as to time, such modification or waiver is binding notwithstanding no new consideration passed. Dickey v. Vaughn, 198 Ala. 285, 73 So. 507. And if the time limit was waived, the contract stood as one fixing no limit, whereupon there came into operation the legal presumption that the parties intended performance within a reasonable time. When, as here, the determination of what was a reasonable time depended upon disputed facts extrinsic to the contract, it is a question of fact for the jury. Farrow v. Sturdivant Bank, 184 Ala. 211,63 So. 973. As an original proposition the burden was upon the plaintiff to show that he had the loan ready to be made upon the terms agreed within the 15-day period. It follows that if the time limit was waived the burden was upon him to prove his readiness to perform at any time within a reasonable period.
It results from what we have said that the trial court did not err in refusing the affirmative charge for plaintiff. Whether there was a waiver of the time limit, and if so whether defendant offered to accept the loan within a reasonable time, were questions for the jury.
Plaintiff assigns for error some rulings of the court on admission of evidence relating to conversations between defendant's agent and plaintiff or Gillespie, upon the ground that same occurred after the expiration of the 15-day period. In these assignments there is no merit. The evidence was relevant to the issues of waiver and reasonable time.
Other assignments are predicated upon excerpts from the court's oral charge. In substance these excerpts charge (a) that a party to a contract may waive a stipulation as to time after which the other party would have a reasonable time to perform; (b) that the question what was a reasonable time was one for the jury; (c) that it was for the jury to determine whether plaintiff had waived the time limit; and (d) that, if so, the burden was upon plaintiff to show readiness and ability to perform at all times during a reasonable time. In so charging the court conformed to the law as we have stated it.
No error appearing, the judgment will be here affirmed.
Affirmed.