Smullan v. Kensington Steel Co.

Full title: Alexander Smullan, Appellant, v. Kensington Steel Company, Appellee

Court: Appellate Court of Illinois, First District

Date published: Apr 28, 1941

310 Ill. App. 264 (Ill. App. Ct. 1941)

33 N.E.2d 732

Opinion

Gen. No. 41,551. (Abstract of Decision.)

Opinion filed April 28, 1941 Rehearing denied May 12, 1941

CONTRACTS, § 370^_ — duration, no time mentioned. In action for specific performance of a contract whereby defendant corporation agreed to cede its compensation insurance to plaintiff in return for latter's purchase of certain amount of stock, since no period of time was mentioned in the contract, it was terminable at will by either party, and defendant was properly found, after transfer of cause to law docket, not to be liable in damages for terminating the contract.

_ See Callaghan's Illinois Digest, same topic and section number.

Appeal from Circuit Court of Cook county; Hon. RAY D. HENSON, presiding.

Affirmed. Heard in first division, first district, this court at December term, 1940.

Leslie H. Whipp, for appellant;

Knapp, Allen Cushing, for appellee;

Harlan L. Hackbert and R. Newton Rooks, of counsel.

Opinion by PRESIDING JUSTICE O'CONNOR.

"Not to be published in full." Opinion filed April 28, 1941; rehearing denied May 12, 1941.