Legal Opinion
Belleville National Bank v. Rose
Appellate Court of Illinois
Decided November 4, 1983No. 83-23PublishedCited by 32 opinions
1Opinion of the Court
PRESIDING JUSTICE HARRISON
delivered the opinion of the court:
On March 14, 1978, defendants Marvin and Virginia Rose signed a promissory note for $810,000, payable to plaintiff Belleville National Bank. The first line of the note stated that the debt was payable, “On Demand, and if no demand be made, then payable Five (5) Years after date ***.” At the same time, a second note was signed, purportedly to facilitate intermediate draws on additional loan funds without additional documentation. There was never a question that only one debt was owed. The second note read as follows:
“FOR VALUE…
2Cases cited9 opinions
- Ainsworth Corp. v. Cenco, Inc.Appellate Court of Illinois · 1982
- Papke v. G. H. Hammond Co.Illinois Supreme Court · 1901
- Leon v. Max E. Miller & Son, Inc.Appellate Court of Illinois · 1974
- Shanahan v. SchindlerAppellate Court of Illinois · 1978
- Hall v. Humphrey-Lake Corp.Appellate Court of Illinois · 1975
4 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Thomas P. Davis and Cathy M. Davis v. G.N. Mortgage Corporation and Countrywide Home Loans, Inc.Court of Appeals for the Seventh Circuit · 2005
- Northern Trust Co. v. VIII South Michigan AssociatesAppellate Court of Illinois · 1995
- Walter P. Maksym, Jr. v. Dolores LoeschCourt of Appeals for the Seventh Circuit · 1991
- Kurt Regensburger and Anna Regensburger v. China Adoption Consultants, Ltd., Kenneth Lubowich and Renee LubowichCourt of Appeals for the Seventh Circuit · 1998
- Duran v. Leslie Oldsmobile, Inc.Appellate Court of Illinois · 1992
27 more not listed; retrieve them via the Exa API.