Iglehart v. Gibson
Illinois Supreme Court
Appeal from the Superior Court of Chicago; the Hon. John A. Jameson, Judge, presiding. On the 24th of March, 1856, appellee Gibson, being the owner in fee, of the west £ of the west of south-east quarter of section 24, township 39 north, range east, situate in Cook county, subject to a mortgage made by one Asa Tail and wife, to Denny and Delano, to secure two notes made by Vail, amounting to $2,120, due September 16, 1856, entered into a contract, of that date, with C. W.…
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Appeal from the Superior Court of Chicago; the Hon. John A. Jameson, Judge, presiding. On the 24th of March, 1856, appellee Gibson, being the owner in fee, of the west £ of the west of south-east quarter of section 24, township 39 north, range east, situate in Cook county, subject to a mortgage made by one Asa Tail and wife, to Denny and Delano, to secure two notes made by Vail, amounting to $2,120, due September 16, 1856, entered into a contract, of that date, with C. W. Clayton and appellant, though Clayton’s name alone was used as vendee, for the sale and conveyance of said premises by…
1Opinion of the CourtJustice McAllister
At the time of the mating and maturity of the Iglehart notes m question, no days of- grace were allowable by the laws of this State, upon promissory notes. Rees v. Mitchell, 41 Ill. 365. Consequently, the note dated the 24th March, 1856, and payable three months after date, became due on the 24th of . June. By the provisions of the contract in reference to forfeiture, that right accrued upon a default continuing three days after any note became due. On the 28th of June, Cobb, who acted as the general agent of appellée Gibson in the premises, and all of whose acts and doings were approved by…
2Cases cited2 opinions
- Reese v. MitchellIllinois Supreme Court · 1866
- Heckard v. SayreIllinois Supreme Court · 1864
3Cited by6 opinions
- Walker v. DouglasIllinois Supreme Court · 1873
- Walker v. RayIllinois Supreme Court · 1884
- Kimball v. TookeIllinois Supreme Court · 1873
- Baldwin v. SiddonsIndiana Court of Appeals · 1910
- Brink v. SteadmanIllinois Supreme Court · 1873
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