Legal Opinion
Stensel v. Stensel
Appellate Court of Illinois
Decided September 1, 1978No. 14849PublishedCited by 26 opinions
1Opinion of the CourtJustice Webber
This appeal concerns itself with the interpretation of certain related sections of the Uniform Commercial Code (Ill. Rev. Stat. 1973, ch. 26, pars. 9 — 501, 9 — 504, 9 — 505). We reverse.
In May 1971, January 1972, and May 1972, defendant Glenn Stensel (herein Glenn) borrowed funds from the Farmer City State Bank of Farmer City, Illinois, for which he gave his promissory notes totalling about *35,000. The notes were co-signed by his father Vernell Stensel (herein Vernell). In addition, 16 mobile homes owned by Glenn and located near Bloomington were given as collateral.
Glenn defaulted in payment…
2Cases cited2 opinions
- Tauber v. JohnsonAppellate Court of Illinois · 1972
- Morris Plan Co. of Bettendorf v. JohnsonAppellate Court of Illinois · 1971
3Cited by26 opinions
- In the Matter of Royal G. Covey and Norma L. Covey, Individually and as Partners, D/B/A Covey Dodge, Bankrupts-AppellantsCourt of Appeals for the Seventh Circuit · 1981
- Wilmington Trust Co. v. ConnerSupreme Court of Delaware · 1980
- Wisconics Engineering, Inc. v. FisherIndiana Court of Appeals · 1984
- First Galesburg National Bank & Trust Co. v. JoannidesIllinois Supreme Court · 1984
- State Bank of Burleigh County Trust Co. v. All-American Sub, Inc.North Dakota Supreme Court · 1980
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