WAMBACH v. RANDALL

No. 72-1725.

484 F.2d 572 (1973)

In the Matter of Joseph WAMBACH, Sr., et al., Bankrupts, and Palatine National Bank, Intervening Petitioner-Appellee, v. William L. RANDALL, Trustee in Bankruptcy, Respondent-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided July 18, 1973.

Rehearing Denied August 6, 1973.


Attorney(s) appearing for the Case

Kevin J. Gillogly, Chicago, Ill., for respondent-appellant.

Richard J. Riordan, Robert Keith Larson, Riordan, Linklater, Larson & Bruckert, Chicago, Ill., for appellee.

Before FAIRCHILD, STEVENS and SPRECHER, Circuit Judges.


SPRECHER, Circuit Judge.

This appeal considers whether under the Illinois enactment of the Uniform Commercial Code a document evidencing a conveyance of property rights absolute on its face may be construed as a security agreement by reference to other documents relating to the underlying loan.

I

In early January, 1970, Hans Wambach and Joseph Wambach, Jr., sons of Joseph Wambach, Sr., and Hermine Wambach, met with C. Michael Reese and Scott Skoglund...

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