Rootberg v. Richard J. Brown Associates

Mr. PRESIDING JUSTICE DEMPSEY

delivered the opinion of the court:

On November 20, 1969, the plaintiff, Irving Rootberg, and the defendant, Richard J. Brown Associates, entered into a contract according to which Rootberg agreed to sell and Brown Associates agreed to purchase 154 acres of real estate owned by Rootberg in Lake County, Illinois. Brown Associates was to pay for the realty by making a series of deposits in escrow. After the contract was made, Brown assigned it to the defendant, Leisure Technology, Inc. On, August 3, 1970, the defendants became obligated to deposit $45,000 in escrow.…