Scott Stainless Steel, Inc. v. N B D Chicago Bank

PRESIDING JUSTICE MANNING

delivered the opinion of the court:

This is an appeal by plaintiff Scott Stainless Steel corporation from a judgment of the circuit court granting summary judgment in favor of defendant NBD Bank Chicago and against plaintiff. Plaintiff sought to recover $18,223.54 from defendant based on the theory that the bank had wrongfully set off its account in that amount. For the following reasons, we affirm.

The record reveals that about April 11, 1989, plaintiff Scott Stainless Steel Corporation (Scott) was a steel distributor. Larry Scott, an attorney, was a shareholder and…