The Seventh Circuit recently provided a good primer on Illinois land trust property ownership in Stable Investments Partnership v. Vilsack, 2015 WL 55466 (7th Cir. 2015). There, the court agreed with the Northern District and found that an Illinois land trust beneficiary wasn’t an “owner” under a Federal farm subsidy program operated by the U.S. …
Author Archives: PaulP
Amended Complaints and Quantum Meruit – Some Illinois Reminders
Earlier (http://paulporvaznik.com/quantum-meruit-basics-illinois-law/1367) I discussed how quantum meruit is a valuable fallback or “Plan B” theory of recovery when a client has done work for someone, hasn’t been paid and there is no governing express contract between them. Quantum meruit (translation: “as much as he deserves”) ensures that my client at least gets something where his services have benefitted a defendant who …
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Statute Of Frauds Doesn’t Prevent Guaranty Claim Where Main Purpose Is To Benefit Guarantor- IL First Dist.
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 …