Loy v. Booth

Defendant appeals from a judgment of the Circuit Court of Lake County entered against him in the amount of $10,261.97, being $8363.11 principal plus $1898.86 in interest.

' As these same parties have been before this court twice before in actions arising out of the same transaction (T. R. Booth & Co., Inc. v. Loy (1968), 100 Ill.App.2d 333, 241 N.E.2d 315; T. R. Booth & Co., Inc. v. Loy (1970), 128 Ill.App.2d 383, 262 N.E.2d 19), the facts will be related only briefly.

In June of 1965 the defendant, Gerald T. Booth, sole stockholder of T. R. Booth & Co., Inc., entered into an arrangement with…