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Business, 07.08.2019 01:20 greg9207

Pems co. international, inc., agreed to find a buyer for rupp industries, inc., for a commission 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 had 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?

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Pems co. international, inc., agreed to find a buyer for rupp industries, inc., for a commission of...
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