HUTTON V. MONOGRAMS PLUS, INC.
604 N.E.2d 200 (1992)
NATURE OF THE CASE: This was a dispute over a financing condition in a franchise agreement.
FACTS: Hutton (P) and MPI (D) executed a franchise agreement wherein P bought a franchise form D for $25,000. P granted D a ten-year nonexclusive license to operate an MPI Store. A few weeks later P and D executed an addendum to the franchise agreement and if P were not able to obtain financing suitable to him within ninety days of signing the agreement, he would be entitled to a refund of his $25,000 fee. P got a summary judgment and D appealed.
ISSUE:
RULE OF LAW:
HOLDING AND
DECISION:
LEGAL ANALYSIS:
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