(Download) "Azzarelli Construction Co. v. Ind. Com." by Supreme Court of Illinois * Book PDF Kindle ePub Free

eBook details

Title: Azzarelli Construction Co. v. Ind. Com.
Author : Supreme Court of Illinois
Release Date : January 18, 1981
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 65 KB

Description

The plaintiffs, Frank J. Vigilante and Annette Vigilante, were indebted to the defendant, National Bank of Austin (National), on a note. The dispute between the parties centers around whether the note was Page 821 extended by an agreement between the parties. Nationals position is that there was no extension agreement and on the maturity date of the note exercised its right of set-off and deducted money from the plaintiffs savings account to pay off the notes principal and interest. The plaintiffs contend that National had no right to do this because the note was not then due and brought this action for actual and punitive damages. On a motion for summary judgment, the trial court found that there had been no extension agreement and entered judgment in favor of National.