Illinois Compiled Statutes 765 ILCS 65 — Uniform Vendor and Purchaser Risk Act.

Any contract hereafter made for the purchase and sale of real property in this State shall be interpreted as including an agreement that the parties shall have the following rights and duties, unless the contract expressly provides otherwise: (a) If, when neither the legal title nor the possession of the subject matter…

This act shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it

This act shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it. (Source: Laws 1963, p. 2099.)

This act may be cited as the Uniform Vendor and Purchaser Risk Act

This act may be cited as the Uniform Vendor and Purchaser Risk Act. (Source: Laws 1963, p. 2099.)