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Paul Porvaznik – Business Litigator

Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)

Tag Archives: real estate contract

Statute of Frauds Defeats Seller’s Countersuit for Damages After Property Sale Falls Through (IL 2d Dist.)

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 …

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Posted byPaulPOctober 9, 2015October 9, 2015Posted inContract Law, Real estate litigationTags: earnest money, Illinois, judicial admission, multiple writings, real estate contract, statute of frauds, writing
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