United States First Circuit

Where a condition precedent is not entirely within the promising party's control, such as the attempt to secure financing, and by nature includes a promise of good faith, the consideration is not illusory.

Appellate Information

• Decided 03/02/2001
• Published 03/02/2001

Judges

• LIPEZ, Circuit Judge., Before LYNCH and LIPEZ, Circuit Judges, and GARCÍA-GREGORY, District Judge.

Court

• United States First Circuit

Counsel

• For Appellant:
  
• Mark S. Priver, with Santiago F. Lampon-González and Ohashi & Priver on briefs, for appellants.


• For Appellees:
  
• Etienne Totti-del Valle, with Totti & Rodŕiguez Díaz on briefs, for appellees.