(Download) "Bank of Naperville v. Holz" by And Reversed in Part and Remanded Illinois Appellate Court — Second District Affirmed in Part " Book PDF Kindle ePub Free
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eBook details
- Title: Bank of Naperville v. Holz
- Author : And Reversed in Part and Remanded Illinois Appellate Court — Second District Affirmed in Part
- Release Date : January 14, 1980
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 66 KB
Description
Plaintiff, Bank of Naperville (the Bank), appeals from a judgment of the Circuit Court of Du Page County entered in favor of defendants, Paul and Carol Bubala. The Bubalas cross appeal from the dismissal of their counterclaim and from the denial of their petition for fees and costs pursuant to section 41 of the Civil Practice Act (Ill. Rev. Stat. 1977, ch. 110, par. 41). Defendant, Kenneth Holz, was the operator of an automobile dealership, Aurora Imports, Inc. The Bank made a capital loan to Holz and also financed Aurora Import's auto floor plan. In September of 1973, the Bank made a floor plan check to account for the cars it had financed and discovered that several cars had been sold out of trust creating an unauthorized debt. The total debt owed to the Bank was approximately $30,000.