Occidental Chemical Co. v. Agri Profit Systems, Inc.

This is an appeal from an prder of the Circuit Court of Kane County, Illinois, granting summary judgment for the plaintiff and against the defendants for the principal amount admittedly due on an account plus interest at the rate of 1% per year. The parties had contracted for a service charge of 1% on past due balances without specifying any period of time. Whether per year or per month was intended is the matter in dispute.

The plaintiff is Occidental Chemical -Company, a division of Occidental Petroleum Corporation, a California corporation authorized to do business in Illinois. The…