Vendor Repurchase
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American Network Leasing Corporation v. First Data Merchant Services Corporation, 1997 WL 534827 (N.D.Ill. 8/21/97). VENDOR REPURCHASE - In an unusual decision, oral modification of a written vendor/lessor agreement was enforced where the parties acted consistently with the oral modification and correspondence indicated its existence. Under the modification, the vendor was required to repurchase all defaulted leases, rather than only specified leases.
© 1997 Berkowitz, Lefkovits, Isom & Kushner, P.C.
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