Penner v. Frisch

Plaintiffs, Edward and Jean Penner, signed a contract to purchase real estate. McHenry State Bank, as trustee, was shown as owner. Defendant Frisch, one of two beneficiaries under the trust, signed the contract as beneficiary of the trust and returned the contract, through real estate brokers, to plaintiffs. It appears that the brokers represented to plaintiffs that Frisch had full authority to contract to sell and direct the transfer of the land. Plaintiffs accepted the changes iirterms by initialing them. Plaintiffs later received written notice that defendant would not perform the…