First National Bank Staunton v. Mcbride Book Reviews

First National Bank Staunton v. Mcbride by Fourth District Appellate Court of Illinois Book Summary

JUSTICE KNECHT delivered the opinion of the court: Plaintiff First National Bank in Staunton (Bank) brought an action to foreclose upon loans made to defendant McBride Chevrolet,
Inc., and mortgages and personal guarantees executed by defendants John Michael McBride and Verda McBride (McBrides) to secure
the corporation's loans. Defendants filed counterclaims and affirmative defenses alleging the collapse of the corporate business,
and resulting defaults on the notes and mortgages, was caused by the wrongful acts of the Bank returning a check from the
defendant corporation due to insufficient funds, when one of plaintiff's officers had told defendants the check would be held
to await a deposit to make the check good.

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First National Bank Staunton v. Mcbride (Fourth District Appellate Court of Illinois) Book Reviews 2024

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