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PENZOTTI v. BRODA MACH. CO.

37 A.D.2d 340 (1971)

Albert J. Penzotti, Doing Business as Pen Realty Company, Respondent, v. Broda Machine Company, Inc., et al., Appellants

Appellate Division of the Supreme Court of the State of New York, Fourth Department.

October 28, 1971.

Attorney(s) appearing for the Case

Findlay, Hackett, Reid & Wattengel (Paul H. Reid, Jr., of counsel), for appellants.

Runals, Broderick, Shoemaker, Rickert, Berrigan & Doherty (John E. Runals of counsel), for respondent.

DELVECCHIO, J. P., MARSH, MOULE and HENRY, JJ., concur.

CARDAMONE, J.

When approached by plaintiff, a real estate broker, defendant Martin Broda, president of defendant corporation, indicated a willingness to sell the family-owned business. The business consisted of Broda Machine Company, Inc., owned 50% by Martin Broda and 50% by his brother, defendant Walter Broda. Also considered a subject of the sale was certain improved real property used in the business and...

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