Arrow Master, Inc. v. Unique Forming Ltd.
Court of Appeals for the Seventh Circuit
1Opinion of the Court
RIPPLE, Circuit Judge.
Arrow Master, Incorporated (“Arrow Master”) and Unique Forming Limited (“Unique”) entered into , a contract for Unique’s purchase of Arrow Master’s business and assets. At the same time, Unique executed a promissory note for $100,000 of the $260,000 purchase price under the agreement. When Unique stopped payment on the note, Arrow Master sued for default under the terms of the note. Unique counterclaimed that Arrow Master had committed a material breach' of the contract by failing to deliver all the assets.1 The district court granted judgment in favor of Arrow Master.…
2Cases cited13 opinions
- Lasalle National Bank v. Service Merchandise Co.Court of Appeals for the Seventh Circuit · 1987
- Hickox v. BellAppellate Court of Illinois · 1990
- Trapkus v. Edstrom's, Inc.Appellate Court of Illinois · 1986
- Mayfair Construction Co. v. Waveland Associates Phase I Limited PartnershipAppellate Court of Illinois · 1993
- National Diamond Syndicate, Inc., Cross-Appellant v. United Parcel Service, Inc., Cross-AppelleeCourt of Appeals for the Seventh Circuit · 1990
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- The Home Insurance Company v. The Chicago And Northwestern Transportation CompanyCourt of Appeals for the Seventh Circuit · 1995
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