Community Renewal Foundation, Inc. v. Chicago Title & Trust Co.

Irving Gerick, who preceded the appellee, Community Renewal Foundation, Inc., as receiver of premises located in Chicago, brought an action against the Chicago Title and Trust Company, the appellant, for specific performance of a contract to purchase certificates which Gerick, as receiver, had been authorized to issue. A motion to dismiss the complaint filed by the appellant alleged that the receiver had failed to perform a condition precedent to the duty of the appellant to perform and, further, that the receiver could not perform the condition, vis., have the receivership certificates…