Fertel v. Adler

Max Fertel, plaintiff, a licensed real-estate broker, brought suit against Leo Adieu and Paul Monchnik, defendants, the owners of 40 shares each of the 80 shares constituting the entire-issue and outstanding capital stock of the Lobin. Building Corporation, a Michigan corporation, which owned a large 8-story building used for stores and offices at 1308 Broadway, Detroit, Michigan. By virtue of the ownership of all the stock, the defendants indirectly were considered the owners of the property although the corporation was the real owner. Plaintiff heard that the property was for sale and…