Mental Competence
A common problem in smaller...
Contracts
Summary: An agreement for a right of first refusal that did not specify a termination date was determined to last until there was a sale of the property.
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378 Ill App 3d 1103, 882 NE2d 715, 317 Ill Dec 835 (5th D 2008)
Facts: The Muirs entered in to a contract to purchase real estate from Merano on September 1, 2005. The...
Summary: Remedy for tenant's nonpayment of rent after tenant exercised option to purchase was not termination of option agreement. Tenant had continuing obligation to pay rent...
Contracts
747 NW2d 527 (Wis Ct App 2008)
Facts: In 1999, Wisconsin Community Bank extended a $1.5 million loan and a $1.8 million line of...
Summary: Borrower’s action of issuing an order to wire funds on the date payment was due constituted “making payment” under a forbearance agreement with the lender, and was not...
Summary: A construction contractor was estopped from denying payment or placing any restrictions on invoices the subcontractor was seeking to factor with a lender.
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