Bank of Alton v. Tanaka

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that defaulting tenant under IRB lease could be evicted and lease was not an equitable mortgage subject to being foreclosed
• the statute of frauds renders an oral agreement unenforceable unless there are equitable considerations that remove it from the statute’s application
• “[T]he basis for removing the oral agreement … is that one party has relied upon the agreement to his detriment and gross injustice would result if the oral agreement was not enforced.”

Source: CourtListener parenthetical corpus (CC0).