Reisman v. Ranoel Realty Co.

Opinion by

Spaulding, J.,

Appellant Ranoel Realty Company appeals from an order of Judge Ned L. Hirsh of the Court of Common Pleas of Philadelphia confirming an arbitration award in favor of appellee Leonard M. Reisman.

The basis of this action was a contractual agreement entered into between appellant corporation and appellee, then president of the corporation, in June 1966. By the terms and conditions of that agreement, appellee was to construct two apartment buildings for appellant for a sum not to exceed $475,000. After completing the construction work, appellee brought an assumpsit action…