Union Bond & Trust Co. v. Blue Creek Redwood Co.
United States District Court for the Northern District of California
128 F.Supp. 709 (1955)
Union Bond (plaintiff) was the assignee of a vendee’s interest in a contract for the purchase of timber lands. Blue Creek (defendant) was the assignee of the vendor’s interest in the land contract. The vendees paid $585,000 out of the $750,000 purchase price before defaulting on the contract terms. The land contract provided that the vendor was entitled to retake possession of the property if a breach were not remedied within 60 days of written notice to the vendee. The contract included a time of the essence clause. Blue Creek provided written notice of breach and asserted its right to retake possession after the passage of 60 days. Union Bond filed suit seeking a declaration that the land contract continued to operate in full force and demanding specific performance by Blue Creek. Blue Creek counterclaimed for a declaration of Union Bond’s default, damages, and judgment quieting title in Blue Creek.
Rule of Law
Holding and Reasoning (Goodman, J.)
What to do next…
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 97,000 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.
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 170,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 13,800 briefs, keyed to 187 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.