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: The Magic City Harvard Lawyer

Federal Court Endorses Financial Crisis As Basis For Relief From Pre-Existing Contractual Duties; Could Real Estate Contracts Be Affected?

By Jared Beck

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My recent post on Donald Trump’s legal arguments in defense of his failure to pay off a contruction loan on the Chicago Trump Tower project has spawned a number of inquiries.  Many have asked specifically about the theory that the “world financial crisis” could constitute a valid defense to Trump’s performance of a contractual obligation.  Folks [...]

Full post as published by The Magic City Harvard Lawyer on December 31, 2008 (boomark / email).

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