Mercantile Holdings, Inc. v. Keeshin

Plaintiff, Mercantile Holdings, Inc. (Mercantile), filed suit to obtain payment of a loan that had been made to defendants Charles and Elsie Keeshin. Benjamin Schaider and Seymour Keeshin, individually and d/b/a American Farm Partnership (Schaider & Keeshin), and City National Bank & Trust Company of Rockford (Bank) were also named as defendants. After the suit was filed, Elsie Keeshin died, and Thomas Chuhak, as the administrator of her estate, was substituted as a defendant.

Chuhak then filed a counterclaim against defendants Schaider & Keeshin and the Bank. After Mercantile agreed to…