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HAMILTON BANCSHARES, INC. v. LEROY

No. 4-84-0578.

131 Ill. App.3d 907 (1985)

476 N.E.2d 788

HAMILTON BANCSHARES, INC., Plaintiff-Appellant, v. ERNEST E. LEROY et al., Defendants-Appellees.

Appellate Court of Illinois — Fourth District.

Opinion filed March 29, 1985.

Attorney(s) appearing for the Case

George J. Lewis, of Lewis, Blickhan, Longlett & Timmerwilke, of Quincy, for appellant.

Hubert G. Staff, of Scholz, Staff & Palmer, of Quincy, for appellees.

Reversed and remanded.

JUSTICE McCULLOUGH delivered the opinion of the court:

Plaintiff brought this action for specific performance of two stock purchase options. Under each agreement the option period was 80 days. Within the option periods and prior to their exercise by plaintiff, defendants gave notice of withdrawal of the options. Thereafter, plaintiff sought to exercise the options, and subsequently commenced this action. Defendants maintained they had...

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