Sigma Delta Tau Society v. Alongi

Mr. PRESIDING JUSTICE GUILD

delivered the opinion of the court:

In the year 1968 Sigma Delta Tau Society, a Delaware corporation, entered into a lease for the rental of premises in DeKalb, Illinois, at Northern Illinois University with Ropa, Inc., an Illinois corporation. In 1969 Ropa, Inc.’s interest in the premises as lessor was assigned to the First National Bank of DeKalb as trustee under the provisions of a trust agreement and in 1971 was reassigned to the defendant, Paul L. Alongi, and his wife.

The sorority apparently ran into financial difficulty and, after negotiations between the…