Kitsos v. Terry's Chrysler-Plymouth, Inc.

Mr. PRESIDING JUSTICE SULLIVAN

delivered the opinion of the court:

The issues presented by plaintiffs in this appeal are whether the trial court properly granted defendants’ motion for summary judgment and denied that of plaintiffs in this contract action.

On July 12,1976, plaintiffs entered into a written contract to purchase from defendants the assets of Terry’s Chrysler-Plymouth, Inc. Paragraph 2 of the agreement provided for a closing date of August 1, 1976, or at such other time to which the parties would subsequently agree in writing. Paragraph 6 stated that plaintiffs would pay defendants *5…