Legal Opinion
Gluth Brothers Construction, Inc. v. Union National Bank
Appellate Court of Illinois
Decided February 3, 1988No. 2-87-0322PublishedCited by 23 opinions
1Opinion of the CourtJustice Inglis
This is an action in equity to recover from defendant bank certain funds that were deposited by Valley Engineering Company (Valley) in defendant, which defendant had taken claiming a setoff to satisfy certain indebtedness of Valley.
Plaintiffs, Gluth Brothers Construction, Inc., and Wayne E. Zimmerman, had entered into a joint venture agreement with Valley to enter into a contract with the city of Elgin for a public works project known as the “Western Elgin Area 1 Contract.” The joint venture agreement provided in pertinent part:
“TRUST FUNDS: All monies contributed by the parties to this Joint…
2Cases cited19 opinions
- Union Stock Yards Bank v. GillespieSupreme Court of the United States · 1890
- Charles Hester Enterprises, Inc. v. Illinois Founders InsuranceIllinois Supreme Court · 1986
- Ray v. WinterIllinois Supreme Court · 1977
- Dial v. City of O'FallonIllinois Supreme Court · 1980
- Winger v. Chicago City Bank & Trust Co.Illinois Supreme Court · 1946
14 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Mutual Service Casualty Insurance Company, as Subrogee of Jo Daviess Services, Inc. v. Elizabeth State Bank, an Illinois State Chartered BankCourt of Appeals for the Seventh Circuit · 2001
- Suburban Bank of Hoffman-Schaumburg v. BousisIllinois Supreme Court · 1991
- Royal Bank of Pennsylvania v. SeligSuperior Court of Pennsylvania · 1994
- Maria Miller v. American National Bank and Trust Company of ChicagoCourt of Appeals for the Seventh Circuit · 1993
- Gluth Bros. Construction, Inc. v. Union National BankAppellate Court of Illinois · 1989
18 more not listed; retrieve them via the Exa API.