In Re Streets & Beard Farm Partnership, Debtor. Loren and Doris Mitchell v. David Streets, Shari Streets, Fred Beard, and Reynolds M. Everett, Trustee

How courts have described this case

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

• holding that federal law determines definition of executory contract but that state law determines whether a material breach of the contract could occur
• holding unperformed delivery of legal title to be a formality rather than “the kind of significant legal obligation that would render the contract executory”
• concluding debtor to be equitable property owner under Illinois law
• concluding debtor to be equitable property owner under Illinois law
• the mere delivery of legal title “does not represent the kind of significant legal obligation that would render the contract executory”
• “in determining the significance of the remaining obligations under a contract we look to relevant state law”

Source: CourtListener parenthetical corpus (CC0).