Legal Opinion
Gillespie v. Riley Management Corp.
Appellate Court of Illinois
Decided September 17, 1973No. 72-76PublishedCited by 3 opinions
1Opinion of the Court
Mr. JUSTICE THOMAS J. MORAN
delivered the opinion of the court:
Can a cashier’s check, purchased by a corporation’s agent and made payable to that corporation and a third party be returned to the issuing bank for credit without endorsement?
The stipulated facts of this case disclose that Riley Management Corporation (Corporation), through its agent entered into an agreement whereby she was to sell an apartment building to the plaintiff. The contract provided that it would pay $1000 earnest money followed by an additional $24,000 payment, the total $25,000 to be held by the Corporation in escrow.…
2Cases cited10 opinions
- Nat. Newark & Essex Bank v. GiordanoNew Jersey Superior Court Appellate Division · 1970
- Bunge Corp. v. Manufacturers Hanover Trust Co.New York Court of Appeals · 1972
- Ryhiner v. FeickertIllinois Supreme Court · 1879
- United States Fidelity & Guaranty Co. v. Peoples National Bank of KewaneeAppellate Court of Illinois · 1960
- Hoffman v. First National BankAppellate Court of Illinois · 1939
5 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Gillespie v. Riley Management Corp.Illinois Supreme Court · 1974
- Fidelity & Deposit Co. of Maryland v. First National Bank of KenoshaCourt of Appeals of Wisconsin · 1980
- In Re Aztec Supply Corp.United States Bankruptcy Court, N.D. Illinois · 2009