First National Bank v. Shape Magnetronics, Inc.

Plaintiffs-lessors appeal from an order of the circuit court of Cook County which directed a verdict in favor of defendant-lessee in an action brought by plaintiffs to recover damages resulting from lessee’s alleged breach of the covenant to repair contained in an industrial building lease entered into by the parties.

Prior to 1972 plaintiff James Bragg and Ted Maka were co-owners of both defendant Shape Magnetronics, Inc. (Shape or lessee), and the industrial building used by Shape. In 1972 Bragg and Maka ended their co-ownership of- these interests; Bragg and his wife, plaintiff Evann Bragg,…