National Bank of the Republic v. Wells-Jackson Corp.

On May 10, 1928, George A. McKinlock, the defendant in error herein, as the lessor, made a written lease of certain premises situated in the city of Chicago to Noel F. Durand and F. C. Foltz, as lessees, for a term commencing January 1, 1929, and continuing for ninety-nine years, unless sooner terminated by the terms of the lease. All rentals were payable in quarterly installments in advance. The lease was filed for record in the recorder’s office of Cook county on February 4, 1929. On November 30, 1928, Durand and Foltz executed a written assignment of the leasehold interest to the…