Legal Opinion
ITT Industrial Credit Co. v. R.T.M. Development Co.
Indiana Court of Appeals
Decided August 26, 1987No. 71A03-8610-CV-00297PublishedCited by 15 opinions
1Opinion of the Court
STATON, Judge.
Eugene and Jane Zimmer (the Zimmers) are the owners of real estate in South Bend, Indiana That real estate was sought by R.T.M. Development Co., Inc. (RTM) for its plans to build a Hilton Hotel. RTM offered to buy the Zimmers' property for $100,000.00, and to that end the Zim-mers executed a warranty deed with the words "Not valid until receipt of full payment" written across the top of it.
RTM also sought financing from ITT Industrial Credit Corporation (ITT). Part of ITT's security for the loan was a first mortgage on the Zimmers' property. The RTM-ITT agreement was executed on…
2Cases cited9 opinions
- Keystone Square Shopping Center Co. v. Marsh Supermarkets, Inc.Indiana Court of Appeals · 1984
- Richard S. Brunt Trust v. PlantzIndiana Court of Appeals · 1983
- Benefit Trust Life Insurance Co. v. WaggonerIndiana Court of Appeals · 1985
- Klingaman v. BurchIndiana Supreme Court · 1940
- Waters v. LyonIndiana Supreme Court · 1895
4 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Carnahan v. Moriah Property Owners Ass'nIndiana Supreme Court · 1999
- Brane v. RothIndiana Court of Appeals · 1992
- Indiana State Police Department v. TurnerIndiana Court of Appeals · 1991
- Nodine v. McNerneyIndiana Court of Appeals · 2005
- Buchonok v. EmerickIndiana Supreme Court · 1990
10 more not listed; retrieve them via the Exa API.