DiCosola v. Ryan

Illinois Appellate Court
Civil Court
Contracts
Citation
Case Number: 
2015 IL App (1st) 150007
Decision Date: 
Friday, November 6, 2015
District: 
1st Dist.
Division/County: 
Cook Co., 6th Div.
Holding: 
Affirmed.
Justice: 
HOFFMAN
In "Letter of Intent" document signed by parties, where Defendant would provide financing for car dealership company, the illusory undertakings of Plaintiff and another person to act as general manager and general sales manager of company are not sufficient consideration to support a contract. Thus, in the absence of any other undertaking on the part of the Plaintiff, the "Letter of Intent" fails for want of consideration. Thus, court properly dismissed complaint for breach of contract with prejudice, pursuant to Section 2-619.1 of Code of Civil Procedure. (ROCHFORD and DELORT, concurring.)