Court of Appeals for the Third Circuit March 31, 1978, Nos. 77-1040 and 77-1505 to 77-1507 (First National Bank of Chicago v. Jefferson Mortgage Co.)

OPINION OF THE COURT

CHRISTENSEN, District Judge.

These consolidated appeals from the same diversity of citizenship ease tried to the court involve an oral contract to sell mortgage-backed securities for $5,000,000. The case began rather simply.

The First National Bank of Chicago alleged in its complaint that through a mortgage broker, J. I. Kislak Mortgage Co.