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IND. DEV., INC., et al. v. AMERICAN ARB. ASS'N

460 Pa. 390 (1975)

333 A.2d 781

INDEPENDENCE DEVELOPMENT, INC., et al., Appellees, v. AMERICAN ARBITRATION ASSOCIATION and Lieberman, Inc., Appellant.

Supreme Court of Pennsylvania.

Decided March 18, 1975.

Attorney(s) appearing for the Case

Richard H. Elliott, Doris Benson, Clark, Ladner, Fortenbaugh & Young, Philadelphia, for appellant.

John Philip Diefenderfer, Stuckert, Yates & Krewson, Newtown, for appellees.

Before EAGEN, O'BRIEN, ROBERTS, POMEROY, NIX and MANDERINO, JJ.

OPINION OF THE COURT

EAGEN, Justice.

On June 2, 1970, Lieberman, Inc. [Lieberman] entered into a stock purchase option agreement with independence Development, Inc. [Independence] and Middletown Commons, Inc. [Middletown].1 Lieberman was a licensed real estate broker and the agreement, which designated Lieberman as the "Buyer",2 set forth that Lieberman was acting as agent for an undisclosed principal...

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