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ARROW MASTER, INC. v. UNIQUE FORMING LTD.

No. 92-3578.

12 F.3d 709 (1993)

ARROW MASTER, INCORPORATED, a corporation existing under the laws of the State of Illinois, Plaintiff-Appellee, v. UNIQUE FORMING LIMITED, a corporation existing under the laws of Ontario, Canada, and Antonio Sabato, an individual, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided December 23, 1993.

Attorney(s) appearing for the Case

Alan G. Blackwood (argued), Blackwood, Nowinski, Huntoon & Swanson, Moline, IL, for plaintiff-appellee.

Stephen T. Fieweger (argued), Peter C. Fieweger, Katz, McAndrews, Balch, Lefstein & Fieweger, Rock Island, IL, for defendants-appellants.

Before CUDAHY, RIPPLE, and ROVNER, Circuit Judges.

RIPPLE, Circuit Judge.

Arrow Master, Incorporated ("Arrow Master") and Unique Forming Limited ("Unique") entered into a contract for Unique's purchase of Arrow Master's business and assets. At the same time, Unique executed a promissory note for $100,000 of the $260,000 purchase price under the agreement. When Unique stopped payment on the note, Arrow Master sued for default under the terms of the note. Unique counter-claimed that Arrow Master had committed a material...

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