Fidelity and Deposit Company of Maryland and American Home Assurance Company v. Rotec Industries, Inc.
Court of Appeals for the Seventh Circuit
1Opinion of the Court
POSNER, Circuit Judge.
The appeal in this diversity suit governed by Illinois law requires us to examine a doctrine of contract law known as “divisibility.” Rotee, the defendant, had a contract with Guy F. Atkinson Construction Company relating to China’s damming of the Yangtze River — the $25 billion “Three Gorges” project that is due to be completed in 2009. Soon after the contract was signed, Atkinson declared bankruptcy and, as debtor in possession, rejected (with immaterial exceptions) its executory contracts, pursuant to 11 U.S.C. § 365(a). The plaintiffs, a pair of insurance companies,…
2Cases cited34 opinions
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- Tina BARRON, Plaintiff-Appellant, v. FORD MOTOR COMPANY OF CANADA LIMITED, Defendant-AppelleeCourt of Appeals for the Seventh Circuit · 1992
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