Michael Burke v. 401 N. Wabash Venture, L.L.C.
Court of Appeals for the Seventh Circuit
1Opinion of the Court
WILLIAMS, Circuit Judge.
Michael Burke signed a contract to purchase a condominium unit and two parking spaces in the Trump International Hotel & Tower in downtown Chicago for about $2.2 million. Burke made two earnest payments totaling 20% of .the purchase price. When it came time to close, however, Burke refused to pay. He filed this lawsuit after the developer declined to refund his earnest money. Burke maintains that the developer made a material change when it placed parking on the Trump Tower’s sixth floor. But the documents he signed demonstrate that Burke was on notice that the use of…
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