Freedman v. Madison & Kedzie State Bank

Mr. Presiding Justice Matchett

delivered the opinion of the court.

This is an appeal by defendant from a judgment in the sum of $5,300 entered upon the finding of the court. Plaintiff sued upon a written contract made February 3, 1928, whereby defendant sold to plaintiff certain real estate bonds of the par value of $5,000, for which plaintiff paid par value with accrued interest. The memorandum of sale stated-:

“The Madison & Kedzie State Bank agrees to repurchase these bonds at any time at 99 and accrued interest, or in three and one-half years without losing any discount.

F. W. Grleason, V.…