Fiegelman v. Parmoff Corp.

Opinion by

Mr. Justice Pomeroy,

This is an appeal from a final decree in equity, denying appellant Fiegelman’s prayer for specific performance of an option agreement for the sale of land. At issue is the legal effect of the option agreement and the authority of one Alexander N. Tate, a licensed real estate broker, to enter into the agreement on behalf of the appellee, Parmoff Corporation (Parmoff), the owner of the land.

The option agreement in question was negotiated between Tate and Fiegelman and executed on December 15, 1961. The agreement was signed “Parmoff Corporation, Alexander N. Tate,…