Illinois Valley Asphalt, Inc. v. La Salle National Bank

Mr. JUSTICE GEORGE J. MORAN

delivered the opinion of the court:

This case involves the construction of a guarantee clause in a contract between defendant-appellant Cross Country Construction Company (hereinafter “defendant”) and plaintiff-appellee Illinois Valley Asphalt. Defendant was the general contractor for a shopping center development in Taylorville, Illinois. Plaiptiff contracted with defendant to pave the parking lot for the shopping center. After completing the lot, plaintiff received only partial payment of the contract price and brought suit on the balance. Defendant counterclaimed…