Legal Opinion

Continental Investment & Loan Society v. Schubnell

Appellate Court of Illinois

Decided March 31, 1896Published

Assumpsit, for balance due withdrawing stockholder. Error to the Circuit Court of Cook County; the Hon. John Gibbons, Judge, presiding. Heard in this court at the March term, 1896.

1Opinion of the CourtJustice Shepard

This writ is prosecuted to obtain the reversal of a judgment in favor of the defendant in error, recovered in a suit brought for a balance claimed to be due upon the withdrawal by the defendant in error from membership in the plaintiff society.

The proof showed that the defendant in error became a member of the society and paid, upon the shares of stock for which he subscribed, the sum of §306, in monthly installments of §18 each, and borrowed from the society the sum of $200. The judgment was for the difference between the amount he borrowed and the sum he paid in.

Some interesting questions…

2Cases cited8 opinions

  1. James v. DexterIllinois Supreme Court · 1885
  2. Harris v. PeopleIllinois Supreme Court · 1889
  3. East St. Louis Electric Street Railroad v. CauleyIllinois Supreme Court · 1894
  4. Graham v. PeopleIllinois Supreme Court · 1886
  5. Flaningham v. HogueAppellate Court of Illinois · 1895

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