Logourl black

La Salle National Bank v. Vega

Illinois Appellate Court , Second District
520 N.E.2d 1129 (1988)


Facts

La Salle National Bank (La Salle) (plaintiff) entered into negotiations with Vega (defendant) to purchase real estate. La Salle and Vega agreed to a rider stipulating that (1) La Salle’s purchasing agent would execute the contract and present it to Vega; (2) Vega would execute the contract and present it to La Salle’s trustees; and (3) once the trustees executed the contract, the contract would be enforceable. In accordance with the rider’s requirements, La Salle’s purchasing agent executed the contract, and Vega completed his execution. However, La Salle’s trustees never executed the contract. La Salle brought suit for breach of contract against Vega, seeking specific performance of the contract for the sale of real estate. Borg intervened and filed suit against both La Salle and Vega, seeking specific performance of a different contract for sale of the same land. The trial court granted partial summary judgment for Borg on the ground that the contract between La Salle and Vega was not “signed in accordance with its terms and provisions” because La Salle’s trustees never executed the contract. The parties appealed.

Rule of Law

The rule of law is the black letter law upon which the court rested its decision. To access this section, start your 7-day free trial of Quimbee for Law Students.

Issue

The issue section includes the dispositive legal issue in the case phrased as a question. To access this section, start your 7-day free trial of Quimbee for Law Students.

Holding and Reasoning (Lindberg, J.)

The holding and reasoning section includes:

  • A “yes” or “no” answer to the question framed in the issue section;
  • A summary of the majority or plurality opinion, using the CREAC method; and
  • The procedural disposition (e.g. reversed and remanded, affirmed, etc.).

To access this section, start your 7-day free trial of Quimbee for Law Students.