[Download] "Heritage Bank v. Bruti" by Illinois Appellate Court ? Third District Judgment Affirmed and Cause Remanded # Book PDF Kindle ePub Free

March 28, 2021

eBook details

Title: Heritage Bank v. Bruti
Author : Illinois Appellate Court ? Third District Judgment Affirmed and Cause Remanded
Release Date : January 28, 1986
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 62 KB

Description

Defendants Charles P. Bruti and LaDoris Martin appeal from a $78,256.77 judgment entered in favor of plaintiff, Heritage Bank of University Park. We affirm. Defendant were corporate officers of Bruti-Velchek, Ltd. On November 3, 1980, Bruti-Velchek executed a promissory note in favor of plaintiff for $60,000. The note bore a floating interest rate of 1% above prime. Defendants executed personal guaranties on a form on the reverse side of the note. From time to time the note was renewed in the principal amount of $60,000. Following execution of the renewal note, the former note would be returned stamped ""Paid by renewal.""