Quimbee logo
DMCA.com Protection Status
From our private database of 19,800+ case briefs...

Colonial at Lynnfield, Inc. v. Sloan

United States Court of Appeals for the First Circuit
870 F.2d 761 (1989)


Colonial at Lynnfield, Inc. (Colonial) (plaintiff) agreed to sell a 49 percent interest in its Hilton Inn to Colonial Associates (Associates) (defendant) for $3,375,000. The contract provided for $200,000 in liquidated damages if the parties did not complete the transaction due to the buyer’s default. The closing was set for June 1, 1981. On May 29, Associates asked Colonial to extend the closing date because it was unable to obtain financing to complete the purchase. Colonial refused and held Associates in breach. On September 1981, Colonial and Lincoln National Development Corporation of Indiana closed on an agreement by which Lincoln would purchase 50 percent of the subject property for $3.7 million. There was also a contingency in which Lincoln would purchase a 49 percent interest for $3,626,000 if Colonial’s mortgage holder did not approve the sale of a 50 percent interest. Colonial sued to enforce the liquidated damages clause in its contract with Associates. The district court found in favor of Colonial. Associates appealed.

Rule of Law


Holding and Reasoning (Coffin, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 510,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 510,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 19,800 briefs, keyed to 985 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Questions & Answers

Have a question about this case?

Sign up for a free 7-day trial and ask it

Sign up for a FREE 7-day trial