economicsPremier Building & Development, Inc., entered into a listing agreement giving Sunset Gold Realty, LLC, the
exclusive right to find a tenant for some commercial
property. The terms of the listing agreement stated
that it was binding on both parties and “their . . .
assigns.” Premier Building did not own the property at the time
but had the option to purchase it. To secure financing for the
project, Premier Building established a new company called Cobblestone Associates. Premier Building then bought the property and
conveyed it to Cobblestone the same day. Meanwhile, Sunset Gold
found a tenant for the property, and Cobblestone became the landlord. Cobblestone acknowledged its obligation to pay Sunset Gold
for finding a tenant, but it later refused to pay Sunset Gold’s commission. Sunset Gold then sued Premier Building and Cobblestone
for breach of the listing agreement. [Sunset Gold Realty, LLC v.
Premier Building & Development, Inc., 133 Conn.App. 445,
36 A.3d 243 (2012)] (See Assignments and Delegations.)
(b) Given that Sunset Gold performed its obligations under
the listing agreement, did Cobblestone behave unethically in refusing to pay Sunset Gold’s commission? Why
or why not?