Mike Rayez went to work for Titan Realty as a Real Estate agent. His contract he would receive his share of earned commissions after they were collected from the clients by Titan. Rayez found a buyer and negotiated the sale for an Citygate Office Complex. The sales prices was $14.6 million. The seller agreed to pay a 5% commission which was $730,000. The buyer purchased the building for the agreed upon price however the buyer and seller agreed to reduce the commission to $300,000. Rayez, on behalf of Titan objected to the commission reduction. Titan sued the seller for breach of contract and obtained a default judgement. However, when registering the judgement in the seller's home state, Titan found out that the seller was insolvent and thus judgement-proof so Titan did not make any further efforts to collect. Rayez received his share of the $300,000 Titan had collected at the closing of the sale. Titan did not pay Rayez any share of the uncollected amount due. Rayez sued Titan for the unpaid commission. How do you think the court found and WHY?

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