15. Would a court likely enforce PEMSs contract to find a buyer for Rupp in exchange for 2 percent of the purchase price even though PEMS did not have a brokers license? (yes/No)

16. Why? PEMSs contract to act as a broker is void and unenforceable because PEMS failed to obtain the appropriate license. A broker license is a (regulatory/revenue-raising) license designed to protect the public, and the failure to have one makes the contract illegal.

17. WHAT IF THE FACTS WERE DIFFERENT? What if PEMS was an unlicensed dog-walking service and provided this service to Rupp employees? Would Rupp have to pay? (yeso)

19. Contracts entered into by persons who fail to maintain a revenue-raising license (may/may not) be enforced and the unlicensed practitioner fined.

1. Licensing Statutes PEMS Co. International, Inc., agreed to find a buyer for Rupp Industries, Inc., for a commission of 2 percent of the purchase price, which was to be paid by the buyer. Using PEMS's services, an investment group bought Rupp for $20 million and changed its name to Temp-Air, Inc. PEMS asked Temp-Air to pay a commission on the sale. Temp- Air refused, arguing that PEMS had acted as a broker in the deal without a license. The applicable statute defines a broker as any person who deals with the sale of a business. If this statute was intended to protect the public, can PEMS collect its commission