Law, Business and Society 11th Edition by Tony McAdams

Exercise 49

Pilgrim Village Company had employed Petersen as a construction manager at a specified annual salary and "a share of the profits." Petersen worked at salary for several years and then asked for a 10 percent share of the profits. The company refused, and Petersen sued seeking "some share of the profits." How should the court rule on Petersen's claim Explain. See Petersen v. Pilgrim Village, 42 N.W. 2d 273 (Wis. S. Ct., 1950).