Commercial Law Keyed to Lopucki
Centronics Corporation v. Genicom Corporation
The contract between the Plaintiff and Defendant provided for arbitration of any dispute about the value of the property transferred, to which the purchase price was pegged and required an escrow deposit of a portion of the price claimed by the seller pending final valuation. Plaintiff sued Defendant for breach of an implied covenant of good faith for refusing to release a portion of the escrow fund claimed to be free from dispute. Defendant moved for summary judgment on the theory that the terms of the parties’ agreements required payments out of escrow only upon completion of arbitration thus barring the implication of any duty to authorized distribution before that event. The Superior Court granted summary judgment to the Defendant. The court held that the only way funds can be released is upon final determination of the purchase price, which is in the hands of the arbitrator.
Only StudyBuddy Pro offers the complete Case Brief Anatomy*
Access the most important case brief elements for optimal case understanding.
*Case Brief Anatomy includes: Brief Prologue, Complete Case Brief, Brief Epilogue
- The Brief Prologue provides necessary case brief introductory information and includes:
Topic:Identifies the topic of law and where this case fits within your course outline.
Parties:Identifies the cast of characters involved in the case.
Procedural Posture & History:Shares the case history with how lower courts have ruled on the matter.
Case Key Terms, Acts, Doctrines, etc.:A case specific Legal Term Dictionary.
Case Doctrines, Acts, Statutes, Amendments and Treatises:Identifies and Defines Legal Authority used in this case.
- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
Brief Facts:A Synopsis of the Facts of the case.
Rule of Law:Identifies the Legal Principle the Court used in deciding the case.
Facts:What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case.
Issue(s):Lists the Questions of Law that are raised by the Facts of the case.
Holding:Shares the Court's answer to the legal questions raised in the issue.
Concurring / Dissenting Opinions:Includes valuable concurring or dissenting opinions and their key points.
Reasoning and Analysis:Identifies the chain of argument(s) which led the judges to rule as they did.