United States Seventh Circuit
ELDA ARNHOLD AND BYZANTIO, L.L.C. v. OCEAN ATLANTIC WOODLAND CORP., 01-1611
A one-day delay in buyer's performance of a real estate transaction that was the subject of a settlement agreement, in which the parties made time of the essence, constituted a material breach of the settlement agreement, thereby absolving the sellers of all of their duties under the agreement.
Appellate Information
- Decided 03/21/2002
- Published 03/21/2002
Judges
- COFFEY, Circuit Judge., Before FLAUM, Chief Judge, and COFFEY and MANION, Circuit Judges.
Court
- United States Seventh Circuit
Counsel
- For Appellees:
- Terence H. Campbell (Argued), Cotsirilos, Stephenson, Tighe & Streicker, Chicago, IL, for Plaintiffs-Appellees., William P. Farrell, Jr. (Argued), Gardner, Carton & Douglas, Chicago, IL, for Defendant-Appellant.