Central Funding Co. v. Gibson

Appellate Court of Illinois

Central Funding Co. v. Gibson

206 Ill. App. 236

Appellate Court of Illinois·Decided April 13, 1917·Published·Cited by 1 cases

Opinion

Mr. Justice Boggs

delivered the opinion of the court.

3. Contracts, § 267*—what are remedies of party upon receipt, before performance, of notice of intention not to perform. Where one party to a contract gives notice before the time of performance arrives that he does not intend to perform, the other party may treat such notice as a breach and bring his action, or may decline to accept such notice as a breach and insist that the contract shall remain in force up to the time fixed for its final performance, holding the party refusing to perform responsible for the consequence of such refusal.

Free access — add to your briefcase to read the full text and ask questions with AI

Mr. Justice Boggs

delivered the opinion of the court.

3. Contracts, § 267*—what are remedies of party upon receipt, before performance, of notice of intention not to perform. Where one party to a contract gives notice before the time of performance arrives that he does not intend to perform, the other party may treat such notice as a breach and bring his action, or may decline to accept such notice as a breach and insist that the contract shall remain in force up to the time fixed for its final performance, holding the party refusing to perform responsible for the consequence of such refusal.

Central Funding Co. v. Gibson, 206 Ill. App. 236 (Ill. Ct. App. 1917).

Pincite

206 Ill. App. 236 (Central Funding Co. v. Gibson) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

Related