Parmelee v. Lawrence
Illinois Supreme Court
Appeal from the Superior Court of Chicago. The facts of this ease will be found in the opinion of the court announced at the April term, 1867, in the same case, and reported in 44 Ill. 405. The decree rendered upon the former hearing in the court below was then reversed and the cause remanded, when, upon a second hearing a decree was rendered in accordance with the opinion -of this court.
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Appeal from the Superior Court of Chicago. The facts of this ease will be found in the opinion of the court announced at the April term, 1867, in the same case, and reported in 44 Ill. 405. The decree rendered upon the former hearing in the court below was then reversed and the cause remanded, when, upon a second hearing a decree was rendered in accordance with the opinion -of this court. The true relation between the parties was this: Lawrence loaned to Parmelee, Gage, Johnson and Bigelow, partners, doing business under the name of F. Parmelee & Co., the sum of $50,000, at 12 per cent, per…
1Opinion of the CourtJustice Lawrence
This case was before this court at a former term, and is reported in 44 Ill. 405. Since that time a decree has been rendered in the court below, in conformity with the views there expressed. The record is again brought here, and we are asked by the counsel of appellant to reconsider our former opinion, so far as relates to the rate of interest which Lawrence is to be allowed. We have re-examined that question, and will state our conclusions.
We agree with the appellant that the case is to be decided, in regard to this point, upon the principles which govern a bill to foreclose, instead of a…
2Cases cited7 opinions
- Ogden v. SaundersSupreme Court of the United States · 1827
- Parmelee v. LawrenceIllinois Supreme Court · 1867
- Sutphen v. CushmanIllinois Supreme Court · 1864
- Stockham v. MunsonIllinois Supreme Court · 1862
- Nichols v. StewartIllinois Supreme Court · 1859
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- Chicago & Alton Railroad v. AdlerIllinois Supreme Court · 1870
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