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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Today, we’re looking at Austria-based Pessl Instruments, an agtech provider operating under the METOS brand. Irrigation equipment manufacturer Lindsay Corporation recently acquired a minority interest in Pessl Instruments following a strategic partnership the 2 companies announced in May 2023.
