Legal Opinion
Garcia v. Canan
District Court, N.D. Illinois
Decided May 6, 1994No. 94 C 697PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
SHADUR, Senior District Judge.
Bernie Garcia (“Garcia”) sues David Canan (“Canan”) for nonpayment of an Instalment Note (“Note”) in the principal amount of $245,000. Although Canan’s default does entitle Garcia to the entry of judgment, this Court retains the independent responsibility to make sure that the amount sought is proper—that no part of it represents an unenforceable penalty. For the reasons stated in this memorandum opinion and order, the judgment in Garcia’s favor cannot include what the Note labels as a “late charge.”
Canan signed the $245,000 Note on…
2Cases cited7 opinions
- Budinich v. Becton Dickinson & Co.Supreme Court of the United States · 1988
- Lake River Corporation, Plaintiff-Appellee-Cross-Appellant v. Carborundum Company, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Seventh Circuit · 1985
- Baker v. Loves Park Savings & Loan Ass'nIllinois Supreme Court · 1975
- United Order of American Bricklayers and Stone Masons Union No. 21 v. Thorleif Larsen and Son, IncorporatedCourt of Appeals for the Seventh Circuit · 1975
- Heller Financial, Inc. v. BurryDistrict Court, N.D. Illinois · 1986
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Metlife Capital Financial Corp. v. Washington Avenue Associates L.P.Supreme Court of New Jersey · 1999
- Metlife Capital Financial Corp. v. Washington Avenue Associates, L.P.New Jersey Superior Court Appellate Division · 1998
- MetLife v. Washington Ave. Assoc.Supreme Court of New Jersey · 1999
- At & T Capital Leasing Services, Inc. v. BraschDistrict Court, N.D. Illinois · 1996
- Metlife v. Wash. Ave. Assoc. LPNew Jersey Superior Court Appellate Division · 1998