Kanelos v. Tzamalis

This appeal is taken from an order entered on November 30, 1864, denying defendant’s petition to vacate a judgment by confession entered on November 28, 1962.

On April 30, 1962, defendant purchased a restaurant business from Peter Kanelos and Virginia Behensky, located at 728 South State Street in Chicago, known as The Little Star Restaurant. The contract of sale called for a purchase price of $5,000, of which $2,000 was paid at the time of the sale, the balance to be paid over a 6-month period, either in cash or by defendant retiring debts which accrued against the sellers of the business…