BOND DRUG CO. OF ILL. v. AMOCO OIL CO.

No. 1-00-0961.

751 N.E.2d 586 (2001)

323 Ill. App.3d 190

256 Ill.Dec. 196

BOND DRUG COMPANY OF ILLINOIS, Plaintiff-Appellee, v. AMOCO OIL COMPANY, Defendant-Appellant.

Appellate Court of Illinois, First District, Sixth District.

Rehearing Denied July 9, 2001.


Attorney(s) appearing for the Case

Gerard D. Kelly, Sidley & Austin, Chicago, for Appellant.

James K. Gardner, Neal, Gerber & Eisenberg, Chicago, for Appellee.


Justice BUCKLEY delivered the opinion of the court:

This case arises out of a 1984 real estate transaction in which defendant-appellant Amoco Oil Company (Amoco) agreed to transfer a service station site to plaintiff-appellee Bond Drug Company of Illinois (Bond) in exchange for properties worth $1,175,000. When Amoco failed to comply with the terms of the parties' agreement, Bond sued for specific performance and Amoco counterclaimed for rescission. On cross-motions...

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