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REAVER v. RUBLOFF-STERLING, L.P.

No. 3-98-0560.

708 N.E.2d 559 (1999)

303 Ill. App.3d 578

236 Ill.Dec. 973

Lawrence E. REAVER as Trustee of the Reaver Family Trust dated 12/12/91; Mildred E. Smith; Katherine B. Reaver as Trustee of the Katherine B. Reaver Trust No. R-691 dated 6/19/91; and Martin L. Whitver and Warren M. Whitver as Joint Trustees of the Whitver Family Trust No. W-691 dated 6/7/91, Plaintiffs-Appellees, v. RUBLOFF-STERLING, L.P., Defendant-Appellant.

Appellate Court of Illinois, Third District.

March 12, 1999.

Attorney(s) appearing for the Case

Theodore Liebovich (argued), Rockford, for Rubloff Sterling, L.P.

Richard A. Palmer (argued), Ward, Murray, Pace & Johnson, P.C., Sterling, for Katherine B. Reaver, Lawrence E. Reaver, Mildred E. Smith, Marian L. Whitver, Warren M. Whitver.

Justice BRESLIN delivered the opinion of the court:

Defendant Rubloff-Sterling (Purchaser) appeals from the trial court's issuance of summary judgment in favor of plaintiff Lawrence E. Reaver (Seller) regarding a real estate contract dispute. The trial court held the contract unambiguously entitled the Seller to interest payments on the agreed sales price even though the Purchaser failed to exercise its option to buy the parcel of land. Based on a careful review of...

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