First National Bank of Deerfield v. Lewis

Plaintiff, First National Bank of Deerfield, appeals from the entry of summary judgment on count I of its declaratory judgment complaint in favor of defendant, Cort I. Lewis. We affirm.

Count I of plaintiff’s complaint alleged the following facts. Defendant and his father, Gerson E. Lewis (Gerson), formed a partnership under the name Gerson E. Lewis & Son (partnership) for the purpose of making investments.

Plaintiff alleged that beginning in January of 1980 until July of 1982, it “made a series of loans *** to Gerson which were used for the partnership’s investments.” Because the loans were…