Central National Bank & Trust Co. v. Consumers Construction Co.

Mr. PRESIDING JUSTICE SEIDENFELD

delivered the opinion of the court:

Plaintiff appeals from a judgment denying recovery from defendant, Consumers Construction Co., for amounts allegedly loaned by plaintiff to defendant’s subcontractor in reliance on letters executed by the defendant.

On September 5, 1969, James D. North and Frank E. Suddarth, who, with Donald J. Sutton, represented three businesses found by the lower court to be operating in partnership, met with officers of plaintiff bank to discuss the financing of a construction project on which their companies acted as a subcontractor, and…