Legal Opinion
Telegraph Savings & Loan Ass'n v. Guaranty Bank & Trust Co.
Appellate Court of Illinois
Decided December 29, 1978No. 77-953PublishedCited by 20 opinions
1Opinion of the CourtJustice Downing
This case involves (1) the failure of the trial court to enforce the borrowers’ personal guaranty upon default of a *75,000 loan with a deficiency of *20,036.86 after the foreclosure sale of the real estate securing the loan; and (2) the trial court’s failure to permit a recovery of unpaid rents due under the leases assigned as additional security for the loan.
Telegraph Savings & Loan Association (hereinafter Telegraph) made a loan of *75,000 to Guaranty Bank & Trust Company (hereinafter Guaranty) as trustee under Trust Agreement No. 10389. Guaranty executed to Telegraph an installment note dated…
2Cases cited15 opinions
- Chisolm v. StephensAppellate Court of Illinois · 1977
- Williams v. Teran, Inc.Supreme Court of South Carolina · 1976
- Claude Southern Corp. v. Henry's Drive-In, Inc.Appellate Court of Illinois · 1964
- Bellows v. ZivAppellate Court of Illinois · 1962
- Peirce v. ConantAppellate Court of Illinois · 1964
10 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Crown Life Insurance v. LaBonteWisconsin Supreme Court · 1983
- Lawndale Steel Co. v. AppelAppellate Court of Illinois · 1981
- Bank of America National Trust & Savings Ass'n v. SchulsonAppellate Court of Illinois · 1999
- A.D.E. Inc., D/B/A Auto Dealers Exchange v. Louis Joliet Bank and Trust Company, an Illinois Banking CorporationCourt of Appeals for the Seventh Circuit · 1984
- Du Quoin State Bank v. DaulbyAppellate Court of Illinois · 1983
15 more not listed; retrieve them via the Exa API.