NATIONAL ACCEPTANCE CO. v. EXCHANGE NAT. BANK OF CHICAGO

Gen. No. 52,483.

101 Ill. App.2d 396 (1968)

243 N.E.2d 264

National Acceptance Company of America, a Corporation, Plaintiff-Appellee, v. The Exchange National Bank of Chicago, as Trustee Under Trust No. 15795, the Hardwood Door Corporation, Sol Auerbach, Fred C. Wright, Pet Wright, National Can Corporation, J.S. Bathalter and Nancy Nosowski, Defendants-Appellants.

Appellate Court of Illinois — First District, Third Division.

October 24, 1968.


Attorney(s) appearing for the Case

Ordower & Ordower, and Robert A. Sprecher and Edward W. Barrett, of Chicago, for appellants.

Archie Schimberg, and Sidney C. Kleinman, of Chicago, for appellee.


MR. PRESIDING JUSTICE DEMPSEY delivered the opinion of the court.

This action was commenced by the National Acceptance Company of America (National) to foreclose two trust deeds, each securing the same parcel of realty, which had been executed by the Hardwood Door Corporation (Hardwood). Hardwood, the principal defendant, contested the action and asserted in its answer that its indebtedness to National had been paid or released; it also counterclaimed, praying that...

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