Legal Opinion
Siegel v. Levy Organization Development Co.
Appellate Court of Illinois
Decided April 26, 1989No. 1-87-1684PublishedCited by 13 opinions
1Opinion of the CourtJustice Rizzi
Counterplaintiff-appellant, Newcastle Properties, Inc. (Newcastle), appeals from a judgment of the circuit court of Cook County dismissing its counterclaim filed against counterdefendant-appellee, Joseph Siegel. On appeal, Newcastle argues that the trial court erred in finding that a paragraph in the purchase agreement was a stipulated damages provision and therefore an enforceable liquidated damages clause. We affirm.
On January 26, 1981, Siegel entered into a purchase agreement (Agreement) with The Levy Organization Development Company, Inc. (Levy), whereby he agreed to purchase a…
2Cases cited4 opinions
- Northern Illinois Gas Co. v. Energy Cooperative, Inc.Appellate Court of Illinois · 1984
- Stride v. 120 West Madison Building Corp.Appellate Court of Illinois · 1985
- Pav-Saver Corp. v. Vasso Corp.Appellate Court of Illinois · 1986
- J. F. Equipment, Inc. v. Owatonna Manufacturing Co.Appellate Court of Illinois · 1986
3Cited by13 opinions
- American National Bank & Trust Company of Chicago, Not Individually, but as Trustee Under Trust No. 107796-01, Plaintiff-Counter-Defendant v. Regional Transportation Authority, a Municipal Corporation, and Commuter Rail Board, Its Rail Division, Defendants-Counter-Plaintiffs, Third/party-Plaintiffs- and Northeast Illinois Regional Commuter Railroad Corporation, Defendant-Counter-Plaintiff-Appellant, Cross-Appellee v. W/h Limited Partnership No. 17, an Illinois Limited Partnership, Walsh, Higgins & Company, an Illinois Corporation, and Congress Concourse Limited Partnership, an Illinois Limited Partnership, Third/party-Defendants-AppelleesCourt of Appeals for the Third Circuit · 1997
- Karimi v. 401 North Wabash Venture, LLCAppellate Court of Illinois · 2011
- American National Bank & Trust Co. v. Regional Transportation AuthorityCourt of Appeals for the Seventh Circuit · 1997
- Newcastle Properties, Inc. v. ShalowitzAppellate Court of Illinois · 1991
- Bailey v. WilsonAppellate Court of Illinois · 1998
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