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CHARIOT HOLDINGS, LTD. v. EASTMET CORP.

No. 86-1235.

153 Ill. App.3d 50 (1987)

505 N.E.2d 1076

CHARIOT HOLDINGS, LTD., et al., Plaintiffs, v. EASTMET CORPORATION et al., Defendants (Michael E. Heisley et al., Counterplaintiffs-Appellees; Zalk Josephs Fabricators, Inc., et al., Counterdefendants-Appellants).

Appellate Court of Illinois — First District (1st Division).

Opinion filed February 23, 1987.

Attorney(s) appearing for the Case

Richard L. Fenton and Roger K. Heidenreich, both of Sonnenschein, Carlin, Nath & Rosenthal, of Chicago, for appellant.

Bruce S. Sperling, Mitchell H. Macknin, and Jerry M. Santangelo, all of Sperling, Slater & Spitz, of Chicago, for appellees.

Judgment affirmed.

JUSTICE O'CONNOR delivered the opinion of the court:

This is an appeal from a purchaser's action for partial specific performance of an asset purchase and sale agreement. After a bench trial, the court found for the purchaser and awarded partial specific performance. On appeal, the sellers argue that the trial court erred: (1) in holding that time was not of the essence; (2) in holding that sellers breached the covenant of good faith and...

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