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Monday, June 20, 2011

Ind. Decisions - COA posts an additional opinion today

In Block v. Magura, a 14-page opinion, Chief Judge Robb writes:

Dennis Block and Mark Magura executed a letter of intent that Magura would purchase Block's interest in a partnership. Magura did not complete the purchase, Block filed suit, and the trial court granted summary judgment to Magura and denied summary judgment to Block on the issue of whether the parties' letter of intent creates an enforceable contract. Block appeals and raises a single issue which we restate as two: whether the trial court erred when it 1) granted Magura summary judgment and 2) denied Block summary judgment. Concluding the letter of intent is an enforceable contract because it contains the essential terms of the parties' agreement and expresses their intent to be bound, we reverse and remand.

Posted by Marcia Oddi on June 20, 2011 01:51 PM
Posted to Ind. App.Ct. Decisions