Legal Opinion
First National Bank of Cicero v. Sylvester
Appellate Court of Illinois
Decided April 10, 1990No. 1-88-3494PublishedCited by 46 opinions
1Opinion of the Court
PRESIDING JUSTICE DiVITO
delivered the opinion of the court:
The First National Bank of Cicero (the Bank) sued Allied Mechanical Industries, Inc. (Allied), and Louis J. Sylvester, Allied’s president and sole shareholder, to collect approximately $380,000 due on a promissory note executed by Allied and guaranteed by Sylvester. Sylvester filed a counterclaim seeking $3.5 million in damages under a theory of promissory estoppel or, alternatively, as a result of an alleged breach by the Bank of a line of credit agreement with Allied. The trial court granted the Bank’s motion for summary judgment on…
2Cases cited13 opinions
- Mid-State Fertilizer Co., Lasley Kimmel, and Maxine Kimmel v. Exchange National Bank of ChicagoCourt of Appeals for the Seventh Circuit · 1989
- Martindell v. Lake Shore National BankIllinois Supreme Court · 1958
- Paul Reid and Mary J. Reid v. Key Bank of Southern Maine, Inc., Paul Reid and Mary J. Reid v. Key Bank of Southern Maine, Inc.Court of Appeals for the First Circuit · 1987
- Carrico v. DelpAppellate Court of Illinois · 1986
- Bk Comp. Net. Corp. v. Cont. Ill. Nat'l BkAppellate Court of Illinois · 1982
8 more not listed; retrieve them via the Exa API.
3Cited by46 opinions
- Hawthorne Partners v. AT & T TECHNOLOGIES, INC.District Court, N.D. Illinois · 1993
- Dan Beraha, M.D. v. Baxter Health Care CorporationCourt of Appeals for the Seventh Circuit · 1992
- Billie Williams v. Jader Fuel Company, Inc.Court of Appeals for the Seventh Circuit · 1991
- Saunders v. Michigan Avenue National BankAppellate Court of Illinois · 1996
- Haroco, Incorporated, Roman Ceramics, Incorporated, California Originals, Incorporated v. American National Bank and Trust Company of ChicagoCourt of Appeals for the Seventh Circuit · 1994
41 more not listed; retrieve them via the Exa API.