Question: PEMS Co International Inc agreed to find a buyer for
PEMS Co. International, Inc., agreed to find a buyer for Rupp Industries, Inc., for a com-mission of 2 percent of the purchase price, which was to be paid by the buyer. Using PEMS’s services, an investment group bought Rupp for $ 20 million and changed its name to Temp-Air, Inc. PEMS asked Temp-Air to pay a commission on the sale. Temp-Air refused, arguing that PEMS acted as a broker in the deal without a license. The applicable statute defines a broker as any person who deals with the sale of a business. If this statute was intended to protect the public, can PEMS collect its commission? Explain.
Answer to relevant QuestionsD.V.G. (a minor) was injured in a one- car auto accident in Hoover, Alabama. The vehicle was covered by an insurance policy issued by Nationwide Mutual Insurance Co. Stan Brobston, D.V.G.’s attorney, accepted ...The Ethical Dimension Was Cypress’s conduct unethical? Why or why not? The Social DimensionWhat does the decision in this case suggest to sellers of commercial real estate and others who engage in business negotiations? ...NYKCool A. B., based in Stockholm, Sweden, provides maritime transporta-tion for hire. It is a subsidiary of NYKReefers Limited, which operates as a subsidiary of Nippon Yusen Kabushiki Kaisha, one of the world’s largest ...1. What do courts focus on when determining whether a third party beneficiary is an intended or an incidental beneficiary? 2. What right does the status of an intended beneficiary confer on a third party to a contract? 3. In ...1. What is a material breach of contract? When a material breach occurs, what are the nonbreaching party’s options? 2. What is a minor breach of contract? When a minor breach occurs, is the nonbreaching party excused from ...
Post your question