Commercial Real Estate
Where a real estate broker claimed that it was a third-party beneficiary of a commercial real estate sales contract and the sale was not completed because the defendant was obligated to sell the property to another party, the broker was identified by name as the recipient of a two-percent commission in the contract, so the broker was a third-party beneficiary under Missouri law, and the record did not show that a termination agreement annulled the third-party beneficiary rights, so the judgment for the defendant seller is reversed and remanded.
Judgment is reversed and remanded.
Hilliker Corporation v. Watson Property, LLC (MLW No. 77784/Case No. ED109549 – 7 pages) (Missouri Court of Appeals, Eastern District, Clark II, J.) Appealed from circuit court, St. Louis County, Albus, J. (Andrew W. Blackwell for appellant) (Steven M. Cohen for respondent).