Contracts Keyed to Summers
Holiday Inns of America, Inc. v. Knight
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- 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.
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- 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. Review the Facts of this case here:
D. Manley Knight (Defendant) entered a contract granting an option to the predecessor in interest of Holiday Inns of America, Inc. (Plaintiff). The contract was executed on September 30, 1963, granting the optionee a five-year option to purchase real property for $198,633. In exchange for the option, the optionee was required to make an initial payment of $10,000 followed by four additional installments of $10,000 for each year of the five-year option. The payments were to be paid into an escrow account maintained by Security Title Insurance Company (Security Title) beginning July 1, 1964. The contract provided the option would be canceled if the optionee failed to make payment by July 1 of each year. The initial payment and the annual installment payments for 1964 and 1965 were timely made. In 1966, Plaintiff mailed a check for $10,000 to Defendant. Defendant received the check on July 2, 1966. Defendant returned the check to Plaintiff, informing Plaintiff the option contract was canceled. On July 8, 1966, Plaintiff sent another check to Security Title. Defendant again refused the payment. Plaintiff sued, seeking a declaration that the contract was still in force. Both parties moved for summary judgment. The trial court granted summary judgment for Defendant.
- 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.