Photo credit: www.template.net (1.21.15) I’m surprised at how often I see contracts where it’s unclear whom the parties are. Sometimes, a contract’s main text will say it’s between two companies but it’s clearly signed by two individuals. I’ve also experienced the reverse: the contract body says it’s between two individuals but the signature block provides that it’s signed …
Tag Archives: statute of frauds
Federal Court Applies IL Tortious Interference Rules and the Statute of Frauds in Railcar Lease Dispute
The Northern District of Illinois recently discussed the pleading and proof elements of tortious interference with contract and the promissory estoppel doctrine in a commercial railcar lease dispute. In Midwest Renewable Energy, LLC v. Marquis Energy-Wisconsin, LLC 2014 WL 4627921 (N.D. Ill. 2014), the plaintiff sublessor of railcars sued the sublessee for damages after the …
The Statute of Frauds ‘One-Year Rule’ (IL Law Basics)
The Statute of Frauds (SOF) requires certain contracts to be in writing to be enforceable. (See earlier post here). 740 ILCS 80/1; 810 ILCS 5/2-201 (UCC analog). The SOF’s “one-year rule” posits that any contract that can’t possibly be performed within the span of one year from the date of making must be in writing. The purpose of the one-year …
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