When a deal to sell two industrial buildings collapsed, the would-be buyer sued to recover his $10K earnest money deposit. The seller, thinking the buyer was to blame for the aborted contract, countersued for $300K – the difference between the sale price plaintiff was supposed to pay and for what the seller ultimately sold the …
Category Archives: Contract Law
Time Of Essence Clauses and Installment Payments: How Late Is Too Late?
In Handler v. Johnson, 2015 WL 4506712 (N.D.Ill. 2015), a bankrupt debtor’s adversary moved to reopen a case after the debtor was late on two installment payments under a settlement agreement. The creditor, a lawyer who previously represented the debtors in unrelated litigation, sued to recover about $21K in attorneys’ fees owed from the prior representation. The debtors previously …
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Michael Keaton Defeats Production Company’s “Merry Gentleman” Breach of Contract Suit – ‘Reliance’ Damages Summary
“The ultimate badass introduction. Say this upon meeting someone tough and they’ll never mess with you.” That’s how no less an authority than Urban Dictionary (who said I wasn’t high-brow?!!) describes “I’m Batman!” – a film-defining movie line that seems to have been catapulted into cultural idiom status. (http://www.urbandictionary.com/define.php?term=I’m+Batman) Not sure if Michael Keaton unveiled …