Realty Exchange Corp. v. Cadillac Land & Development Co.

HATHAWAY, Judge.

Appellants sued for a real estate brokers’ commission and were awarded a judgment against Cadillac Land and Development Company, but the judgment was denied against Gelt and Smith personally; consequently, this appeal and cross-appeal.

The plaintiffs-appellants’ position is that the trial court erred in refusing to set aside the transfer of assets from the defendant, Cadillac Land Company, to the individual defendants and directors of the corporation, Harry Gelt and Jerome Smith, and further erred in refusing to apply the “Trust Fund” doctrine entitling plaintiffs to levy upon…