Hulett-McLean, Inc. v. Chris Kaye Plastics Corp.

CRIST, Judge.

This is a contingent fee contract case. On December 13, 1983, respondent Hulett-McLean, Inc. (buyer’s representative) and appellant Chris Kaye Plastics Corp. (buyer) entered into a contract whereby buyer’s representative agreed to represent buyer and perform financial consulting work in connection with the acquisition of the Jim Walter Plastics plant in Union, Missouri, a division of the Jim Walter Corporation (seller). The contingency fee contract was to expire on December 13, 1984. The sale was consummated on January 30, 1985. Buyer refused to pay the contingent fee of $54,320…