This section is from the book "American Law Of Real Estate Agency", by William Slee Walker. Also available from Amazon: American law of real estate agency.
A loan broker was the agent for both parties in the negotiation of a loan, which was to be secured by a trust deed of land incumbered by a judgment; the amount of the loan was sent to him by the lender, with instructions to see that the amount required by the terms of the deed be applied to secure a release of this judgment by the original judgment creditor, or a transfer of it to him by the present holder was so applied; the agent, at first being unable to obtain a release, took a transfer of the judgment, and afterwards obtained a release, which he forwarded to the lender; the transaction was completed, and subsequently, at the request of the borrower, and without any further instructions from the lender, the agent entered on the margin of the judgment record a receipt in full of the judgment. Held, that an instruction, in an action to obtain execution under the judgment, submitting the question whether the agent was authorized to execute a satisfaction of the judgment, was improper. Brown v. Dennis (Tex. Civ. App. '95), 30 S. W. 272.
 
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