The Illinois Supreme Court recently reversed two court judgments that held a dealership is not allowed to sue a tractor company on the basis of “promissory estoppel,” according to published reports in the Madison-St. Clair Record.
Justices unanimously sided with Newton Tractor Sales, an ag equipment dealership in Newton, Ill., and remanded the case back to a lower court.
A promissory estoppel prevents a party from arguing that its promise should not be upheld.
Newton…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
